Fremont has the right to acquire a 100% interest in Mendia Resources which holds the exploration license over the Vardenis copper-gold property in central Armenia
ARMENIA
GDP: US$20 Billion
Population: 3 Million
GDP/capita: US$7000
Life expectancy: 72.4 years
Stable, westward-looking government
Mining friendly jurisdiction
with 12 operating mines,
Including World-Class Sotk & Amulsar (under construction)
UNDER EXPLORED
Fremont can acquire 100% in Mendia Resources by paying making staged option payments totalling US$350,000, issuing 2.2M Fremont common shares and completing specified work commitments over 4.5 years: