Terms of the deal call for Trade Winds to pay $10,000 and issue 50,000 shares to McRae within fifteen days of acceptance of the agreement by the TSX Venture Exchange, issue a further 75,000 on August 31, 2008 and 75,000 shares on August 31, 2009, pay a further $30,000 in trances on the same dates the shares are issued and spend $200,000 as operator over two years on the property to earn 100% interest. If Trade Winds completes the option to acquire 100%, McRae will retain a 2% Net Smelter Return. Trade Winds has the right to purchase 1.5% of the NSR from McRae within one year of commencement of production for the amount of CAD $1,000,000.
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