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Intertech Solutions Initiates Negotiations for Ammended Gold Streaming Agreement With Westport

Jan 08, 2016 - PR Newswire
Board and Executive Moves

IntertechSolutions Inc.(OTCPK: ITEC) ("Intertech Solutions Inc.," "ITEC" or the "Company") The Company today wishes to announce that it has commenced negotiations to obtain an improved agreement with West Port Energy, LLC on the WPE Mine in Quartzite Arizona.

Within the proposed enhanced agreement, ITEC is to receive from the first day of production a 20% net revenue interest in return for having paid in $4 million. To date $2.75 million has been paid towards being fully vested. The origin...