Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Advantego Corp | golden_8k-090909.htm |
| EX-99.2 - PRESS RELEASE - Advantego Corp | golden_8k-ex99x2.htm |
Exhibit 99.1
October
12, 2009
Golden
Eagle International, Inc.
Terry
C. Turner
Chairman
of the Board, President and CEO
9661
South 700 East
Salt Lake
City, Utah 84070
Subject: Gold
Bar Ore Processing Facility
Dear Mr.
Turner:
This
correspondence shall serve as written confirmation of LWMG. LLC's interest and
intent to acquire the Gold Bar Ore Processing Facility. The general terms and
conditions that we propose are as follows:
|
Plant
& Equipment:
Purchase
Price:
Good
Faith Deposit:
Payment
Escrowed & Due At Permitting:
Purchase
Price If Permits Declined:
Environmental
Studies:
Tolling
Relationship With Golden Eagle:
Good
Faith Deposit Timeline:
Closing
Timeline:
|
All
Inclusive
$10,000,000.00
USD
$ 1,000.000.00
USD
$
9.000.000.00 USD
§
5.000.000.00 USD
Seller's
Responsibility
To
Be Negotiated
October
30. 2009
48
Hrs. After Permitting
|
Please
advise if the general terms and conditions outlined herein above are acceptable.
If so, we will contact our legal staff and request that formal purchase
contracts be drafted. Both your time and consideration in this matter are
greatly appreciated.
Sincerely,
LWMG,
LLC
/s/Richard
Schoble
Richard
Scoble
Chief
Operations Officer
CC: Stephen
D. Cummins
Thomas
J. Kenan
H.
Stephen Shehane