Commodity Online SYDNEY: The AMINSA Earn In Agreement between Austral Gold Argentina and their founding shareholders, Patricio Jones, Ricardo Martinez and Roberto Martinez, has been amended, a press release from the company said.
Own gold, sell, buy or trade. No hassles to store. Formerly known as Guanaco Capital Holding Argentina S.A., Austral Gold Argentina is a company 100% owned by Austral Gold Limited, and Argentina Minera S.A. (AMINSA)
Whilst the quantum of investment and the percentage earnt in by Austral Gold Argentina has not changed, the amendment permits the use of up to US $700,000 contributions from Austral Gold Argentina for investments outside the AMINSA project in the Province of San Juan, Argentina, in accordance with the investment strategies to be agreed by the AMINSA management committee, where Austral Gold Argentina has two representatives, out of a total of four members.
In addition, the amendment sets out deferred dates for the payment of some future contributions.
As a consequence of this amendment to the AMINSA Earn In Agreement, AMINSA has invested US $50,000 to acquire shares in Aquiline Resources Inc.
