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Ann: Kada Gold Project Acquisition Update, page-20

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SIJoe

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08/12/20

13:33

Post #: 49421566
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Originally posted by sy148: ↑

They also said they expect to begin exploration work when the agreement is done. Should be TODAY.

"Upon satisfaction of these conditions, Golden Rim expects to be able to issue the Consideration Shares
(being such number of Golden Rim shares as when divided by the 30-day VWAP of shares immediately
prior to the date of all conditions precedent being satisfied or waived, equals the Australian dollar
equivalent of US$2,500,000) and will have acquired an initial 25% interest in Kada. At that time, Golden
Rim intends to commence exploration work at Kada."

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Not so sure about that. They did also say that they might extend the date beyond 8th December. But, that being said, they should let us know today.

GMR Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
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