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EXHIBIT 10.11
THIS SHARE PURCHASE WARRANT WILL BE VOID AND OF NO
VALUE
AFTER THE CLOSE OF BUSINESS ON THE TERMINATION DATE.
SHARE PURCHASE WARRANT
to purchase restricted shares of common stock in the capital
of
RED LAKE EXPLORATION, INC.
This is to certify that, for value received, the bearer,
_____________________
(the “ Bearer
”), of this share purchase warrant has the right to purchase,
upon and subject to the terms and conditions referred to in this
share purchase warrant, at any time up to 5:00 p.m. Pacific
Standard Time on April 21, 2010 (the “ Termination
Date ”) , ___________
(____________) restricted shares of common stock (the
“ Restricted
Shares ”) in the capital of the Company at the price
of $0.35
per Restricted Share in lawful money of the United
States.
The right to purchase the Restricted Shares may only be exercised
by the Bearer within the time set out by
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(i)
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duly completing in the manner indicated and signing the attached
subscription form,
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(ii)
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paying the appropriate purchase price for the restricted shares
subscribed for either in cash, by certified cheque payable at par
or, by wire transfer, and
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(iii)
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delivering to the Company the signed subscription form and payment
in full for the Restricted Shares.
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Upon surrender and payment by the Bearer, the Company will issue to
the Bearer or its nominee the number of Restricted Shares
subscribed for and the Bearer or its nominee will become a
shareholder of the Company in respect of the Restricted Shares as
of the date of the surrender and payment. Within 30
days of the surrender and payment the Company will mail to the
Bearer at the address or addresses specified in the subscription
form a certificate or certificates evidencing the Restricted Shares
subscribed for. If the Bearer of this warrant subscribes for a
lesser number of Restricted Shares than the number of Restricted
Shares referred to in this warrant the Bearer will be entitled to
receive a further warrant in respect of the Restricted Shares
referred to in this warrant but not subscribed for.
If any subdivision or subdivisions of the shares of common stock in
the capital of the Company, as constituted on April 21,
2008, occurs at any time while this warrant is outstanding,
resulting in a greater number of shares of common stock being
issued and outstanding, and the Bearer subsequently exercises any
share purchase warrants, the Company will deliver at the time of
purchase of Restricted Shares hereunder, in addition to the number
of Restricted Shares in respect of which the right to purchase is
then being exercised, such additional number of Restricted Shares
as result from the subdivision or subdivisions without the Bearer
having to make any additional payment or give any other
consideration therefor.
If any consolidation or consolidations of the shares of common
stock in the capital of the Company, as constituted on April 21,
2008, occurs at any time while this warrant is outstanding,
resulting in a lesser number of shares of common stock being issued
and outstanding, the Company will deliver and the Bearer will
accept, at the time of purchase of Restricted Shares hereunder, in
lieu of the number of Re
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