XAM 1.67% 5.9¢ xanadu mines ltd

Ann: Investment Deal signed with Zijin - Pathway to Production, page-7

  1. 830 Posts.
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    Zijin doesn’t get to call the shots even when operator, there is special majority approvals required....whatever that truly means

    "identified critical business matters, including certain expenditure or transactions with a value above US$1,000,000, increasing to US$10,000,000 after the earlier of delivery of the Kharmagtai PFS or 18 months from the commencement of the joint venture, will require a special majority approval by the board of Khuiten (being greater than 67% of votes which may be cast)"
 
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