It is binding based on some precedents being met by both parties.
One in particular is provided below. I persomally hope there is strong push back by SH on the deal based on the financial metrics I've presented for other junior ASX listed companies (M&A) albeit they are mainly operating in Australia. Applying a discount for country risk still makes the makes the sale process at $10M a steal for the incomming party. Hopefully there is a independent experts report to review and put pressure on getting more $s for the Au that is in the ground. I would be happier if they had included a trailing royalty for any Au production that occurs that is quite customanry for tenement transactions. . Completion of the transaction is expected to take place around the end of February 2025, subject to the following Conditions Precedent:
TGC to receive a legal opinion on the good standing and validity of the underlying mineral claims that comprise the Colombian projects.
LCL to prepare and delivered to TGC, Audited Financial Statements of the Colombian companies holding the minerals claims.
Shareholder and any other applicable Regulatory Approvals, including LCL receiving shareholder approval under ASX Listing Rule 11.4.
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(20min delay)