EFE 0.00% 0.7¢ eastern resources limited

Ann: Exercise of Option to Acquire Trigg Hill Project, page-32

  1. 445 Posts.
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    Yes it's 100% normal. It's simply a call option. If EFE decides the Tenement is'nt living up to expectations or has'nt delivered the desired outcome, they can turn to Amery and say, "you want to buy it back". (The $1 consideration). >> Nominal consideration can be anything that may be considered to have some value. A common form in which nominal consideration is expressed is “the payment of $1 (receipt of which something is acknowledged)”. Only Amery and EFE will know the details of the meaning of the word "something"


    Last edited by edglim: 20/09/22
 
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