SIERRA IRON ORE CORPORATION ("NAA")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: October 15, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation pertaining to an underlying agreement dated July 22, 2014 and an amending agreement dated August 12, 2014 between Sierra Iron Ore Corporation (the ?Company?) and Emerald Lake Development Corporation (Jerry Beaulac) pursuant to which the Company has an option to acquire a 60% interest in 12 claim units located in Carpenter Township, Kenora Mining Division, Ontario, known as the Emerald Lake Property. In consideration, the Company will pay $255,000, issue 2,608,000 shares and undertake $2million of exploration work over a two year period. Subject to further exchange approval, an additional 6,392,000 shares are due upon presentation of a positive feasibility study or commencement of commercial production.
CASH SHARES WORK EXPENDITURES
Upon Exchange approval $55,000 2,608,000 nil
On or before first anniversary $200,000 nil nil
On or before second anniversary nil nil $2,000,000
A finder?s fee of 373,100 shares is payable in stages to Brian Moore.
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