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LOAN AGREEMENT

Loan Agreement

LOAN AGREEMENT | Document Parties: RED METAL RESOURCES, LTD. | Red Lake Exploration, Inc You are currently viewing:
This Loan Agreement involves

RED METAL RESOURCES, LTD. | Red Lake Exploration, Inc

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Title: LOAN AGREEMENT
Date: 5/4/2009

LOAN AGREEMENT, Parties: red metal resources  ltd. , red lake exploration  inc
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Exhibit 10.19

 

LOAN AGREEMENT

September 11, 2008

 

Richard N. Jeffs (the “Lender”) of Flat 1, 49 Pont Street, London, SW1X 0DB, advanced US$50,000 (the “Principal Sum”) to Red Lake Exploration, Inc. (the “Borrower”) of 195 Park Avenue, Thunder Bay, Ontario, P7B 1B9.  The Lender advanced the funds on September 11, 2008.

 

The Borrower agrees to repay the Principal Sum on demand, together with interest calculated and compounded monthly at the rate of 8% per year (the “Interest”) from September 11, 2008..  The Borrower is liable for repayment for the Principal Sum and accrued Interest and any costs that the Lender incurs in trying to collect the Principal Sum and the Interest.

 

The Borrower will evidence the debt and its repayment of the Principal Su


 
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