Ann: Trading Halt, page-13

Absolutely. Re-reading the Teck Resource purchase agreement.

Key terms of the Agreement

1. Azure can acquire 100% ownership of Alacrán by:
a) Spending US$5 million on the project within 4 years ("Required Expenditure");
b) Issuing 100,000 Azure shares to Teck on signing the formal documentation; and
c) Issuing 400,000 Azure shares to Teck on completing the Required Expenditure.

It doesn't make clear if Teck Resources only has the buy back in option until AZS spends the $5 million. Maybe they are trying to acquire 100% ownership like...today.

Haplo