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Question: niick a geologist wants in due course to set up...

Question details

Niick, a geologist, wants in due course to set up a mining company in Bendigo with the proposed name, Extrapolation Resources. He wants to provide mining services to the company via a service agreement. There is a mining lease he is keen to secure immediately for and on behalf of the would be company, Extrapolation Resources, from a financially distressed vendor, A Plus Prospectus Pty Ltd. 

Advice Sought

Identify the legal issues relevant to the immediate purchase of the mining lease from A Plus Prospecting Pty Ltd.

Outline what is involved in setting up Extrapolation  Resources, and of the proposed service agreement. 

 

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