On August 28, 2006 the Corporation entered into a letter of intent with John Leliever
to acquire a 100% interest in the former Orphan Gold Mine (the "Orphan Mine") located in the Thunder Bay Mining Division west of Geraldton, Ontario.Mr. Leliever is to be appointed Chief Operating Officer of Avenue Explorations Inc., a wholly-owned subsidiary of Avenue, following completion of the change of business.
As consideration for the acquisition of the Orphan Mine
, the Corporation will issue 5,000,000 Common Shares to Leliever
on the date of closing.Leliever
shall retain a 1.5% NSR.
...Mr. Leliever is the President of Diatreme.
The Oke Twp.
...Mr. Peter Howe has been appointed to the board of directors and John Leliever has been appointed as a director of Avenue Exploration Inc., a wholly-owned subsidiary of Avenue.