Klondike Star has signed an agreement with ARY Traders wherein ARY has first right of refusal to purchase any gold produced by Klondike Star from Klondike Mining District. The right of first refusal is subject to Klondike Star proceeding through exploration, pre-feasibility, final feasibility and building of a producing mine on mineral claims in the Klondike Mining District.
In consideration for such right, ARY Traders in purchasing 1,000,000 shares at $2.50 per share offered by way of a private placement Memorandum in a series of staged subscriptions.
The shares are subscribed for pursuant to the provisions of section 4(2) of the securities Act of 1933 and Rule 506 of Regulation D promulgated by the Securities and Exchange Commission. The Offered shares are "restricted" shares under the securities Act of 1933 and the Exchange Act of 1934 and Rule 144 under the securities Act of 1933.
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ARY reports strategic relationship with a gold exploration company
- United Arab Emirates: Monday, April 18 - 2005 at 12:38
- PRESS RELEASE
Haji Abdul Razzak, Chairman of ARY Group Companies, is pleased to announce that the company has entered into an agreement with Klondike Star Mineral Corporation.
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ARY Traders is a refiner, manufacture and retailer of gold jewelry and gold bullion. Founded in 1973, ARY is a privately held company headquartered in Dubai, U.A.E., and is doing business in the Indian sub-Continent, the Middle East, United Kingdom and the United States.About Klondike Star
Klondike Star Mineral Corporation is developing mineralized zones on a 250 square km land position, including mineral rights which underlie the site of the Klondike Gold Rush. The area includes the original Lone Star Mine, has been in constant placer production since the discovery of gold in 1986and is one of the most significant goldfields know.
Posted by Anne-Birte Stensgaard, Senior News EditorMonday, April 18 - 2005 at 12:38 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Wed Jan 03 2007.
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