"RLX is subject to a 4 year, earn-in option agreement with Osisko Mining Corporation ("Osisko") which may earn a 51% interest in RLX by fully funding a total of $5 million of exploration over a four year period. The drill program comprises the final portion of the $600,000 first year exploration expenditure commitment agreed to by Osisko. Tri Origin is managing the program under the guidance of a management committee comprised of representatives from both companies. "
It's great that Osisko has a hand in this. They must believe that there's gold to be found and gold to be mined.
Further, the private placement at $.10/share should be completed by this time next week. Go, TOE!