36c raising to pay for the renard option extension
cooked
The option period is extended to 31 August 2025 at a cost of C$8.5 million in cash and the inclusion of a C$2m break fee payable to the Vendors if Winsome does not exercise the option
If Winsome does not exercise the option by 31 July 2025, Winsome will issue to 11272420 Canada Inc. (or its nominees) 5,000,000 fully paid ordinary Winsome shares and payment of C$3 million of the deferred consideration which is currently payable on the 30-month anniversary of transaction closing will be brought forward such that it is payable on transaction closing
If Winsome has not exercised the option by or on 31 July 2025, Winsome's exclusivity rights are replaced with a right of first refusal over any alternative transaction
WR1 Price at posting:
42.5¢ Sentiment: None Disclosure: Held
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