Plenty of time to work out the most appropriate way to fund this.... This provides WR1 with exclusivity....
Ultimately, the Call Option Period may be extended until February 28, 2025,
at Winsome’s sole discretion.
c) The consideration payable by Winsome further to exercising the Call Option
and closing of a Transaction has already been negotiated and agreed upon
by the parties. Such consideration, the amount of which is provided for in
the Call Option Agreement, shall be paid, in Winsome’s sole discretion, in
cash, shares of Winsome or a combination of both. The first instalment
would be payable on closing of the Transaction, and the second and third
instalments would be payable respectively on the 12-month and 24-month
anniversaries of closing.
d) The Call Option Agreement provides for the Debtors’ right to sell, transfer
or otherwise dispose of certain equipment (the Non-Core Assets), namely
to allow the Debtors to monetize such assets in order mainly to finance the
care and maintenance of the Mine and preserve the assets during the Call
Option Period;
e) Pursuant to a Transaction, Winsome would assume all mine closure and
characterization, rehabilitation, restoration and remediation obligations of
the Debtors associated with the Mine, and all environmental obligations of
the Debtors in relation to the Purchased Assets, to the extent required by
applicable Laws or as otherwise determined by the Court.
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Plenty of time to work out the most appropriate way to fund...
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Last
57.5¢ |
Change
-0.040(6.50%) |
Mkt cap ! $127.3M |
Open | High | Low | Value | Volume |
60.0¢ | 60.0¢ | 56.0¢ | $306.4K | 530.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5256 | 57.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
59.0¢ | 4914 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5256 | 0.570 |
2 | 21769 | 0.565 |
1 | 20031 | 0.560 |
2 | 30000 | 0.555 |
1 | 1000 | 0.550 |
Price($) | Vol. | No. |
---|---|---|
0.590 | 4914 | 1 |
0.600 | 13245 | 2 |
0.615 | 3197 | 1 |
0.620 | 20000 | 1 |
0.625 | 10000 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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