Examples of Coyote Extension in a sentence
Similarly, if Mhakari is diluted to less than a 2.5% joint venture ownership interest (on the Coyote Extension), such interest will convert to a net smelter return royalty in Mhakari’s favor, of which 1.5% may be purchased for $1,500,000.
Geological mapping of the Coyote Extension claim group (72 claims) is planned for late 2011.
The Optionor is not in violation in any material respect of any federal, state or other law, regulation or order of any government or governmental or regulatory authority, domestic or foreign, including, without limitation, Environmental Laws and any law, regulation or order relating to the Coyote Extension.
The Optionee shall be liable for and shall pay all applicable federal and state land transfer taxes and all other taxes (other than income and capital gains taxes of the Optionor), properly payable upon and in connection with the conveyance and transfer of the Coyote Extension to the Optionee.
The Optionee shall also provide written records of its exploration and development expenditures on the Coyote Extension to the Optionor on a quarterly basis.
The Optionor is the recorded and beneficial owner of all of the claims, properties and interests comprising the Coyote Extension, as more particularly described at Schedule "A", free and clear of any Encumbrances except as listed at Schedule "A".
Without limiting the generality of the foregoing, no damage to or destruction of any material part of the Coyote Extension shall have occurred, whether or not covered by insurance.
There will have been no change in the condition in the Coyote Extension, howsoever arising, except changes which have occurred in the ordinary course of business and which, individually or in the aggregate would not have a Material Adverse Effect, or changes resulting from the Optionee's negligence in conducting operations at the Coyote Extension.
All assessment work has been performed, filed and recorded to maintain the mineral interests comprising the Coyote Extension in good standing in accordance with the laws of the State of Nevada.
To the best of the Optionor's knowledge, the mineral interests comprising the Coyote Extension have been properly tagged, staked and recorded in accordance with the laws of the State of Nevada.