SDV 0.00% 59.0¢ scidev ltd

The Intec Process, page-8

  1. 7,062 Posts.
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    Think thats an out of date site myself.

    Pursuant to the Deed, the term of the interim Intec license granted to Monument has been extended to January
    16, 2022
    from January 17, 2017, during which, Monument at its discretion will decide when to commence the
    Intec testwork. The Intec testwork comprises three stages: pilot plant testing, pre-commercial testing and trial
    commercial plant testing. Both parties agree to enter into a formal license agreement before commencement of
    the pre-commercial testing stage.
    By signing this agreement, Monument has released 7 million fully paid common shares from escrow to Intec.
    Upon completion of each of the above phases, Intec would earn 25%, 25% and 50% of the remaining 7 million
    escrow shares accordingly. The Earned escrow shares will be released to Intec 30 days after of the completion of
    each testing upon satisfactory results. Should Monument make an election not to proceed the test work, any
    Earned Shares will be released to Intec within 10 business days, and the remaining Escrow Shares will be
    returned to Monument for cancelation.
    https://monumentmining.com/site/assets/files/3680/2017-08-29_nr.pdf

    Interesting to see a few bigger buyers lining up in the last couple of sessions............. Bottom in maybe?
 
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