L.B. Mining definition
Examples of L.B. Mining in a sentence
L.B. Mining is and will be on the Closing under the Purchase Agreement the record and beneficial owner and holder of all of the Stock, free and clear of all liens, encumbrances, claims and demands.
L.B. Mining and its Venezuelan Subsidiaries have incurred no obligation or liability, contingent or otherwise, for brokerage or finders' fees or agents' commissions or other similar payment in connection with this Agreement.
L.B. Mining owns all of the stock of certain Venezuelan corporations described in Exhibit A hereto (collectively, "Venezuelan Subsidiaries").
A representative of L.B. Mining will attend such discussions along with Granges and the discussions will be scheduled for a time and date reasonably convenient to both Granges and L.B. Mining.
All contracts necessary for the implementation of activities Granges desires to undertake during the Option Period shall be entered into in the name of one of the Venezuelan Subsidiaries, and shall be subject to the approval of L.B. Mining, which approval shall not unreasonably be withheld.
All fees, costs and expenses associated with the negotiation of this Agreement and of the Exhibits hereto on behalf of L.B. Mining, including without limitation L.B. Mining's attorneys' fees, and all fees, costs and expenses associated with the generation of financial statements required to be produced in connection with this transaction, including without limitation the fees and expenses of accountants, shall be borne exclusively by L.B. Mining.
Vein and Occupancy Rights: L.B. Mining or one or more of its Venezuelan Subsidiaries has duly and properly applied for exploitation concessions (i.e., the Vein Concessions) granting and covering rights to mine all gold mineralization within all vein and lode structures within, and permits to occupy, all ground within the Seccion Numero Uno De El Triunfo and Seccion Numero Dos De El Triunfo concessions described on Exhibit A hereto.
Within ten (10) days after the date of Granges' exercise notice, Granges and L.B. Mining shall execute a Stock Purchase Agreement in the form of Exhibit D hereto.
Upon the request and subject to the direction of Granges, L.B. Mining shall cooperate in all ways in any such action, including without limitation by bringing an action in its own name for Granges' benefit.
Prior to holding any discussions relative to the Properties, the Venezuelan Subsidiaries or the Guariche Project with any agent or representative of the Venezuelan government during the Option Period, Granges will advise L.B. Mining of its desire to hold such discussions and the subjects that Granges wishes to discuss.