Lease by AMERICAN CORDILLERA MINING Corp
Company: AMERICAN CORDILLERA MINING Corp
SEC CIK: 1289046
SEC Type: EX-10.1
SIC Code: 5900
SIC Industry: RETAIL-MISCELLANEOUS RETAIL
Date Filed: 2013-04-11
NOTICE OF INTENT TO EXERCISE OPTION
DAVID BOLENEUS/HYDRO IMAGING, INC.
WHEREAS, on June 25, 2012, an Option to Purchase Mineral Leases was signed between David Boleneus individually, Hydro Imaging, Inc. and Northern Adventures, Inc. (NAI) relating to the grant of an option to purchase ten mineral leases and 27 unpatented mining claims which option could be exercised by NAI or its assignee for payment of $10,000 (the OPTION);
WHEREAS, on December 28, 2012, Northern Adventures, Inc. entered into an Asset Purchase Agreement with American Cordillera Mining Corporation (AMCOR) and Northern Adventures, LLC pursuant to which all of NAIs interest and rights under the Option to Purchase Mineral Leases was assigned to AMCOR;
WHEREAS, on February 28, 2013, Hydro Imaging, Inc. and Kinross Gold USA, Inc. entered into a Mining Lease and Assignment, under which Hydro Imaging, Inc. assigned all of its interest in seven of the ten mineral leases subject to the Option to Purchase Mineral Leases, with the consent of AMCOR. The following mineral leases were assigned to Kinross: State of Washington Mineral Prospecting Leases 65-087174, 65-087175, 65-0887176, 65-087426, 65-088518, 65-087425, and 65-088516 as well as 27 unpatented mining claims, all located in Okanogan County, Washington.
NOW, THEREFOR, please be advised that