Initial Participating Interests. The Participants shall have the following initial Participating Interests: SVB – 80% CB – 20%
Initial Participating Interests. Effective as of the date of this Agreement, the Participants shall have the following "Initial Participating Interests" in the Venture: Duncan Park - 75% and Sphere - 25%.
Initial Participating Interests. The Participants shall have the following initial Participating Interests: Uranium Power 50% USE Parties 50%
Initial Participating Interests. The Participants shall have the following initial Participating Interests: Golden Phoenix 50% Borealis 50%
Initial Participating Interests. Subject to sections 5.5 and 5.6, the Participants shall have the following Initial Participating Interests in the Venture: Richmont - 55% Pxxxxxxx - 45% or Richmont - 25% + 1% for each $166,666.67 expended by Richmont in excess of $5 million Pxxxxxxx - 75% - 1% for each $166,666.67 expended by Richmont in excess of $5 million For greater certainty and without limitation, in the event the provisions of section 5.6 are operative, the calculation of the initial interests of the Participants shall be calculated as at the point in time at which Richmont elects to cease to make further expenditures in accordance with such section 5.6. Moreover, if in the event Richmont has given notice of its election to put the Properties into Commercial Production under section 5.2 and has failed to incur expenditures under the Commercial Production Program of $5 million, then Richmont shall be deemed to have irrevocably withdrawn from the Venture and this Agreement shall forthwith be terminated without any liability on the part of any party therefor.
Initial Participating Interests. The Participants shall have the following initial Participating Interests: Silver Ridge - 50% Stirrup Creek - 50%
Initial Participating Interests. Subject to Subsection 5.1(b), Subsection 5.1(g) and Subsection 6.1(b), as at the Funding Completion Date the Participants shall have the following initial Participating Interests in the Properties and the Assets of the Joint Venture:
Initial Participating Interests. The initial Participating Interests of the Participants shall be as follows: Xxxxxx 55% Q-Gold 45%
Initial Participating Interests. The Venturers shall have the following initial Participating Interests subject to Can-Cal contributing the balance of its Initial Contribution in accordance with Section 5. 1 (b)(i) herein: Xxxxxxx 50% Can-Cal 50%
Initial Participating Interests. The Participants shall have the following initial Participating Interests: United Nuclear- 19% Uranerz- 81%
