Windfall Geotek

08:15 AM EST - Windfall Geotek : Announced a finalized option agreement of the Chapais property to Grand Pacific Resources Inc. Grand Pacific Resources Inc is a private company that will be going public in the near future. The deal terms provide Windfall Geotek with a 10% stake in the property, 1% NSR with the right to buy 1% in the future for $500k, pre-IPO/RTO priced shares, cash payments and a 20% interest in issued & outstanding common shares when the company goes public. Windfall Geotek shares V.WIN are trading unchanged at $0.18.

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