WR1 winsome resources limited

Ann: Trading Halt, page-94

  1. 2,439 Posts.
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    Reading between the lines here.. and putting this out for discussion;

    "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 takes up the Renard offer would that take $8.5m off the outstanding purchase amount?

    Else why would there be a line item stating: "the inclusion of a C$2m break fee payable to the Vendors if Winsome does not exercise the option"

    Trying to make sense of all this, cheers
 
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13.0¢
Change
-0.008(5.45%)
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13.5¢ 13.5¢ 13.0¢ $24.32K 184.9K

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3 58915 13.0¢
 

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Price($) Vol. No.
14.0¢ 174744 7
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