MINE FINANCING. 8.1. Sunburst de Mexico may pledge, mortgage, charge or otherwise encumber its interest in the Cieneguita Property in order to secure moneys borrowed and used by it for the sole purpose of enabling it to finance its mining operations under this Agreement or in order to secure by way of floating charge as a part of the general corporate assets of that party moneys borrowed for its general corporate purposes.
Appears in 2 contracts
Sources: Operator's Agreement (Sunburst Acquisitions Iv Inc), Operator's Agreement (Mexoro Minerals LTD)