Means that FAR & PCL think the permits aren't worth the distraction/cost and were willing to cough up $50k each for KEY to take their interests off their hands.
KEY, knowing that FAR & PCL were reluctant JV partners, were able to get them to cough up some cash to acquire their interests. Handy for KEY as that is two less minority JV partners they need to concern themselves with. Should make it easier for them to get things moving.
Could almost be viewed as win/win/win.
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