NASD OTC BB definition
NASD OTC BB means the over-the-counter electronic bulletin board of NASD Regulations, Inc.
NASD OTC BB. ADGD") is pleased to announce it has reached a --------------------- definitive agreement with the community of Pisquicocha, located in the department of Cusco in southern Peru and home to the Company's Winicocha copper-gold project. Under the terms of the agreement, the community grants Andresmin the right to continue to explore and develop Winicocha for an initial five-year period. Andresmin is a socially and environmentally responsible company, and has a policy of educating the communities in which it operates in a responsible manner. To this end, the Company presented several exploration and mining videos, distributed literature, and arranged mine site tours to Pisquicocha locals over a five-month period. The community has discussed the opportunity and impact of exploration and mining with the Company, other communities, other mining companies and their employees, and the Peruvian government Regional Director of Energy and Mines, ▇▇. ▇▇▇▇▇ Vildivia. "This is a historic and important agreement," says Mr. Vildivia. "It shows what can be achieved when local communities and exploration companies co-operate and come to a mutually beneficial consensus." Andresmin will continue its social development programs within the community and make annual payments to the community for the initial five-year period.
NASD OTC BB. MGNU") is pleased to announce that on July 6, 2004, it has signed a formal cooperative joint venture contract with China Yunnan Province Nuclear Industry Brigade 209 ("Team 209") to form a new co-operative joint venture company, Long Teng Mining Ltd., a Chinese corporation, to carry out minerals exploration and development in an 83.29 square kilometre area of Huidong County in Sichuan Province, China. The property is located across the Jinsha Jiang River to the immediate northwest of Southwestern Resources' Boka gold project in Yunnan Province. The operations of the joint venture company will be managed under the control of ▇▇▇▇▇▇. ▇▇▇▇▇▇ is to contribute US$5,000,000 as an equity investment into the joint venture company and Team 209 is responsible for transferring certain gold and copper exploration permits on the Property to the joint venture company. Upon the capital contribution by ▇▇▇▇▇▇ and the transfer of the exploration permits by Team 209, ▇▇▇▇▇▇ will own 90% and Team 209 will own 10% of the joint venture company. With respect to the US$5,000,000 equity investment into the joint venture company by ▇▇▇▇▇▇, ▇▇▇▇▇▇ is required to contribute not less than US$460,000 within three months after the issuance of the joint venture company business license; US$1,000,000 within twenty four (24) months after the issuance of the joint venture company business license; US$1,550,000 within thirty-six (36) months after the issuance of the joint venture company business license; and based on the results of the exploration by the joint venture company, if required, an additional US$1,990,000 within forty-eight (48) months after the issuance of the joint venture company business license. In addition, ▇▇▇▇▇▇ is required to provide Team 209 with the equivalent of US$500,000 shares of common stock of Magnus within 30 days after the issuance of the joint venture company business license. The capital contribution by ▇▇▇▇▇▇ is subject to certain conditions precedent being satisfied. If further funding is required for carrying out more exploration and development activities, ▇▇▇▇▇▇ will be responsible for providing such funding, however, Team 209 will remain a 10% owner of the joint venture company.
Examples of NASD OTC BB in a sentence
The common shares of Buyer are listed for trading on the NASD OTC BB under the symbol "AEGY".
The common shares of Buyer are listed for trading on the NASD OTC BB under the symbol "ALZM".
TTL is in full compliance with all SEC requirements for its operation and to retain its NASD, OTC BB.
The Company has not received any notice that its Common Stock will be delisted from the NASD OTC BB or that the Common Stock does not meet all requirements for the continuation of such listing.
Effective as at the date of this Agreement and upon written consent of DWS, which consent may not be unreasonably withheld, IT&S will purchase for a consideration of $600,000 in cash, the DWS Note, due and payable to IDC on the 1st day of February 2007 by DWS, a public company, registered in Delaware and listed on the NASD OTC BB, symbol 'DWVS'.
EFTI is in full compliance with all SEC requirements for its operation and to retain its NASD, OTC BB.
The common shares of AEGY are listed for trading on the NASD OTC BB under the symbol "AEGY".
The common shares of Buyer are listed for trading on the NASD OTC BB under the symbol "NOHO".
IDC is a non-trading asset holding company whose shares are listed on the NASD OTC BB under symbol 'ITDD'.
More Definitions of NASD OTC BB
NASD OTC BB. ADGD") is pleased to announce that the Company has --------------------- granted an aggregate of 6,410,000 incentive stock options to officers, employees and consultants of the Company. 6,000,000 of these options were granted on February 4, 2005, having an exercise price of $0.61 per share; 210,000 of these options were granted on February 10, 2005, having an exercise price of $0.67 per share; and 200,000 of these options were granted on February 10, 2005, having an exercise price of $0.75 per share. All of the 6,410,000 options granted have a term of two years from the date of grant.
NASD OTC BB. ADGD") is pleased to announce the commencement of a -------------------- second phase of geophysics over their Winicocha Project in Peru. The new phase of induced polarization and ground magnetics comprises a 45 line-kilometre program with inversion modelling to be performed by the University of British Columbia.
NASD OTC BB. MGNU") announces that its joint venture company, Long Teng Mining Ltd. ("Long Teng"), has purchased a mining license for the "Xintaizi Gold Mining Area" in Sichuan Province, China. Long Teng was formed under a cooperative joint venture contract with China Yunnan Province Nuclear Industry Brigade 209 ("Team 209") to carry out mineral exploration and development in both Yunnan and Sichuan Provinces, China. Under the joint venture agreement that formed Long Teng, Magnus retains a 90% interest in the joint venture company.