Hopefully you will be able to buy Mrs. Tin a new (electric) car with the gains you will be making with CNQ (wasn't that your original plan with SRL gains?).
Here are the "rewards":
(1) 4,000,000 Common Shares, being approximately 8.63% of the issued and outstanding Common Shares on a non-diluted basis, upon receipt by the Company of acceptance by the TSX Venture Exchange (the “TSXV”) of the License Agreement [comment: already received]
(2) 3,000,000 Common Shares upon there being an operational plant that has processed lithium brine for at least 100 hours of continuous operation in the province of Alberta (the “First Milestone”)
(3) 3,000,000 Common Shares if the Company does not deliver a notice to G2L advising G2L that it does not intend to use the Licensed Technology for the Boardwalk Brines Project (a “Notice to Terminate”) by the date that is 12 months after the achievement of the First Milestone (the “Second Milestone Deadline”), provided that the Second Milestone Deadline may be extended for an additional six months if required to generate sufficient data from piloting to support a pre-feasibility study
(4) 4,000,000 Common Shares upon completion of a pre-feasibility study that concludes the Company’s Boardwalk lithium brine project located in west-central Alberta, Canada (the “Boardwalk Brine Project”) demonstrates an ungeared internal rate of return greater than the applicable discount rate used to value the Boardwalk Brine Project.
CNQ Price at posting:
30.5¢ Sentiment: Hold Disclosure: Held
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