LCL grant TGC an option to acquire its Colombian projects. (what is option expiry date?)
TGC to pay LCL $1 million in cash upon satisfaction of the Conditions Precedent.(what are they?)
TGC must go public on Canadian stock exchange by 31st December 2025
if TGC fails to go public LCL retain the $1m and Colombian projects.
Going Public may be extended to December 2026 subject to certain expenditure commitments and cash payments to LCL. (what are they? what is option for to secure year extension?)
LCL receive additional $0.5 million and % of share capital equivalent to $8.5 million (is that paid by Tiger or the new vehicle)
TGC has the option to pay the Company $9 million addition to the $1 million to acquire 100% in lieu (by When?).
Sorry what have i missed?
LCL Price at posting:
1.0¢ Sentiment: None Disclosure: Held
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