ZNC 2.22% 4.4¢ zenith minerals limited

Ann: RTR: Major Zinc-Lead Discovery at Earaheedy Project, page-14

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  1. 416 Posts.
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    @Android789 This from today's announcement.

    We will continue to be very supportive of these activities. Zenith retains a
    25% Free Carried Interest in the Joint Venture to the point of Bankable
    Feasibility completion. In addition, both parties hold a Pre-Emptive Right over
    the counterparty’s respective equity stakes
    . Earaheedy is shaping up as a
    very exciting proposition for both parties”

    Because of this agreement the first right to dispose of any stake that ZNC might hold must first be offered to RTR and the same applies the other way from RTR to ZNC as well.
 
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