New Jersey -- Premier Investment Properties Inc (PinkOTC:PIPI) is pleased to disclose the details of its definitive agreement with Mohave Gold Mining and Exploration, Inc.
The La Dama De Oro Property consists of (35) unpatented mining claims owned by Mohave Gold Mining and Exploration Inc. 12547 Verano Street, Victorville California 92392.
Premier Investment Properties Inc. has agreed to Option and Purchase, and the Vendor has agreed to Option and Sell.
• Vendor agrees to grant a 12 month right to access property and commence Phase I Core
Drilling and Tunneling. Considerations will be given and extensions granted in writing for
regulatory delays.
• Purchaser retains the right to profit from any materials extracted during all IV Phases of the
Exploration and Development Program subject to a 5% gross royalty or a 10% net smelter
royalty, whichever is greater to the vendor.
• Purchaser agrees to purchase a 100% undivided interest in and to the property free and
clear of all charges, encumbrances, and claims.
• In consideration of aforementioned program, the purchaser shall pay the vendor the
following sums as follows; 1 million free trading shares of PIPI either directly by the
company or by a 3rd party, $10,000 payable within 15 days, $20,000 within 30 days, and
$20,000 payable within 60 business days of definitive agreement, plus $4,000 per month
during Phases I&II of the Core Drilling Program and up-to $6,000 per month on
continuation of Phases III&IV.
• If vein becomes a profitable and/or proven reserve, purchaser has the right to exercise the
option to purchase the property for no less than $10 million or no more than $13 million,
with all past monies plus stock (at issue price) reduced from final purchasing price.
• If all payments per the agreement are not made within 30 days of the due date and no
alternative date is mutually agreed upon, the non-payment will be considered as a failure to
perform and the property with all rights will revert back to the vendor.
"Our agreement with Mohave is one that will lay the foundation for Premier." - Georgos Androutsopoulos, President of Premier Investment Properties Inc
Contact:
Kenneth R. Ash
Investor Relations
910-300-8189
[email protected]
About Premier Investment Properties
Premier Investment Properties Inc explores, acquires and develops natural resource and real estate related assets of interest.
For additional information, visit www.PremierInvestmentPropertiesInc.com
This communication contains statements expressing expectations of future events and/or results which may include, without limitation, statements concerning anticipated financial performance, business prospects and similar matters. In some cases you can identify those so-called “forward-looking statements” by words such as “may,” “will,” “should,” “expects,” “plans,” “targets,” “believes,” “anticipates,” “estimates,” “predicts,” “potential,” or “continue” or the negative of those words and other comparable words.
Such statements constitute forward-looking statements made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. All statements based on future expectations rather than historical facts are forward-looking statements that involve a number of risks and uncertainties, including whether the Company can identify market makers to make a market in the Company’s securities. The Company cannot provide assurance that such statements will prove to be correct. The Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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