Ann: Commencement of fully contributing JV for El Zorro Project, page-49

To clarify this further, the agreement discussed in the Ann is specifically between the Joint Venture partners.




The other JV partner cannot sell out their shares to a third party unless Tesoro Chile allow them to


Any takeover of the company will have to happen via shares in TSO (asx)


TSO is fully funded from the last cap raise to fund Tesoro Chile for the purchase of the full 100 newly issued shares in the Joint Venture


IMO TSO will be issuing an ANN on the 29th of March notifying Tesoro Chile's 85% stake in the JV.