'Also, I don't comprehend whether the default fee of C$2m is somehow factored into the delay fee of C$8.5m'
Doesn't read to me that the C$2m default fee is included int the C$8.5m extension cost.
"The option period is extended to 31 August 2025 at a cost of C$8.5 million in cash and the inclusion of a C$2m break fee payable to the Vendors if Winsome does not exercise the option"
If it were included in the 8.5m, it would have read "....in cash which includes a $2m break fee...." rather, it says and the inclusion. I interpret that as an additional fee on top.
I'm hoping to get some time tomorrow to email the company.... I suggest everyone with questions do the same, stressing that CE explains the situation thoroughly to his shareholders as well as their reasoning behind the extension in the first place, as it was only in Dec where they extended to Feb 25.
WR1 Price at posting:
42.5¢ Sentiment: Hold Disclosure: Held
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