NPM made an expensive deal about Las Openas rights under threath of arbitration
Apparently NPM ownership was not secured and it had failed payments or other
contract commitments
https://hotcopper.com.au/threads/ann-corporate-update-february-2024.7832869/
- 35 000 USD for signing
- after 1 year 50 000 USD per year for option to buy Genesis 49 % share for 750 000 USD
- Up to 500 000 USD for exploration so that NPM will give Genesis share of the costs as a loan
and no dilution for Genesis
- costs from joint venture and foundig company?
- costs from corporate advisor selling the joint venture?
NPM made an expensive deal about Las Openas rights under threath...
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