(“Newco”), to which PR NG will transfer the SML and to seek any requisite consents. Newco is to be owned 84% by Peak (via a wholly owned entity) and 16% by the Government. As required under Tanzanian law, the Government’s ownership is to be in the form of non dilutable free carried interest shares in the capital of Newco.
PEK Price at posting:
8.6¢ Sentiment: None Disclosure: Held
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