BDM update/Ellendale, page-12

interesting...
Seems the below will NOT happen now:

BDM to exercise Option in March 2023 requires $4 million in cash & 7 million BDM shares
to GIB plus a 1.5% gross revenue royalty. (GIB currently hold 9 million BDM shares)

Jim needs to contact BDM directors and get some information ASAP - we have got to know that GIBB management have not been liaising with BDM upper management to understand their position. And now BDM have announced a further extension to their suspension, and now it affects the legal contract.

GIBB has the power to change the current contract and draw up a new one after finding out the FACTS on what BDM is doing, or proceed to terminate the contract and have the Ellendale Diamond Project back in our Books.

Shareholders have spoken.

V