Yukon Gold Amends Marg Acquisition Agreementadmin
Yukon Gold Corporation, Inc. announce Yukon Gold and Atna Resources Ltd. entered into a letter agreement amending the purchase agreement by which the Company acquired its Marg Property (the “Marg Acquisition Agreement”). Under the terms of the Marg Acquisition Agreement the Company is required to pay to Atna CDN$200,000 (in cash or shares of the Company’s common stock) on December 12, 2008. In lieu of making such payment, the Amendment Agreement permits the Company to pay Atna CDN$25,000 in cash on December 12, 2008 and CDN$225,000 (payable in cash or shares of the Company’s common stock) on April 30, 2009.
Yukon Gold Corporation, Inc. (Yukon Gold) explores and develops mining properties with a commitment to moving projects towards production. Currently there are 33.6M of the Company’s common shares outstanding.