Either way they will still have the lease and also get to keep the shares.
"Regius is a party to a joint venture agreement with the registered holder of licence 8245L (Licence) (Joint Venture Agreement)."
"(k) (Decision not to proceed) Should the Company decide not to proceed with the project it agrees to sell its interest in JV Co to the Holder for MZM10 (~0.02 cents) and write off all shareholder loans."
Ann: Caula Graphite Project Concept Study Drilling Complete, page-22
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