The company has agreed to a 6 month contract and in consideration of the services provided, pays a monthly retainer of $4,500 to CoMo. The agreement can be terminated by the Company by providing 1 month notice.
CoMo has been granted an option to purchase up to 25,000 common shares of the Company subject to regulatory and the Company's Board of Directors approval.
About International Barytex Resources Ltd.:
International Barytex Resources Ltd. is a Canadian mineral exploration company managed by experienced professionals with successful track records in the mineral exploration and development industry. Management is focussed on the identification and exploration of economically attractive metallic mineral deposits.
The Company is advancing the Shituru high grade copper deposit located at Likasi, Democratic Republic of Congo, where it holds an option to earn a 65% interest. -- www.cnxmarketlink.com
Posted July 26th, 2008 by ruzik_tuzik