CPN 3.64% 5.7¢ caspin resources limited

Ann: Copper Mineralisation and Large Soil Anomaly - Mount Squires, page-20

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  1. 936 Posts.
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    BHP is proposing to take a controlling stake (100%) in OZL. This does not flag a divestment of WMP, and therefore would not trigger any payment to CPN.

    However, if BHP (as new majority shareholder in OZL) decides to divest WMP, the payment will become due.

    So, under current arrangement, CPN does not stand to get any payment from BHP/OZL w.r.t. WMP.

 
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