Based on original news release the schedule is:
A purchase price of $11,000,000 which shall be paid in the following instalments: (a) $50,000 non-refundable cash deposit (which has been paid); (b) $2,950,000 cash, to be paid within ten (10) days of the Buyer executing a binding Share Sale and Purchase Agreement (SPA); (c) $3,000,000 cash, to be paid within twelve (12) months of the date of the SPA; (d) $3,000,000 cash, to be paid within twenty-four (24) months of the date of the SPA; and (e) $2,000,000 cash, to be paid on the earlier of: (i) the date that is five (5) years after the date of the SPA; and (ii) the date that construction starts for a minerals processing plant pertaining to the Lewis Ponds Project or any earlier commercialisation of EL5583 or EL8966.
Almost $3M within 10 days of the binding of sale. Could be some decent SP & market cap increases after that occurs. Hopefully this isn't too far away.
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- Ann: Godolphin to Sell Lewis Ponds and Mt Bulga for $11 Million
Based on original news release the schedule is:A purchase price...
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1 | 41700 | 0.012 |
1 | 90905 | 0.011 |
4 | 449995 | 0.010 |
2 | 211104 | 0.009 |
Price($) | Vol. | No. |
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0.015 | 165776 | 1 |
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