MYG 2.44% 80.0¢ mayfield group holdings limited

finance, page-21

  1. 224 Posts.
    If the other bank change their mind does this mean sandstorm can pull out of the deal ?
    Below is from sandstorm deal announcement. 6-12-12 :
    "As well as COMPLETED CERTAIN FUNDING CONDITIONS"

    Under the terms of the MPA, their first related to an Australian project, Sandstorm has agreed to purchase an amount equal to 15% of the gold produced from Deflector (the “Gold Stream”). Pursuant to this agreement, Sandstorm will make an initial upfront cash payment to Mutiny of US$9 million (the “Initial Deposit”) and will make a future cash remittance of US$29 million (the “Second Deposit”) once Mutiny has received final mine permits for Deflector as well as completed certain funding conditions.
 
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