ADG 11.1% 0.4¢ adelong gold limited

Ann: Proposed Agreement To Settle Cosmo Gold Loan, page-62

  1. 1,736 Posts.
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    Hi @midastouch0707, how's things?

    There are some details about the 25% / 75% split ownership (Deed of Sale) regarding Cosmo tenement E38/2274 that have always puzzled me a bit.

    Looking at the Cosmo 2021 IPO document (pg.134), DDD said that "The Deed of Sale also provides DDD/the Company with control of E38/2274, and sole discretion to make decisions affecting it and enabling it to determine activities to be undertaken."

    I was just wondering if you have any extracts from the actual Deed of Sale Agreement for tenement E38/2274 that you could post on HotCopper that might confirm or refute the ownership control & sole discretion aspects mentioned in clause 11.5 from the 2021 Cosmo IPO?

    https://hotcopper.com.au/data/attachments/6366/6366746-5300fe40ba140650f1501f2c68da2054.jpg
    Last edited by GravityWaves: 07/08/24
 
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