“To achieve this Winmar has entered into binding Heads of Agreements with Mr Albert Kampangwe (Kampangwe) and Muya Resources Limited (Muya) for the acquisition of 100% interests in six granted Exploration Licenses located within 30km of Likasi and within 5km of the Luapula Processing Plant.”
Also doesn’t sound like lawyers involved and that WFE is not going to be getting deposit back to me:
”Certain costs have been incurred in respect of the licenses during the holding period which it is agreed that Winmar will cover. The Company will during the current Quarter, work to agree these costs, such that the net sum (our deposit less reasonable costs) be returned to Winmar.”
