Under the MOU, Sundance will sell 51% of its ownership in Cam...

Under the MOU, Sundance will sell 51% of its ownership in Cam Iron to Tidfore for a value to be agreed or independently valued once: • Cam Iron obtains title to the tenure over the area covered by the previous EP92 for a minimum of three years. Currently, Cam Iron has a mining permit application lodged over this area; • the Government of China approves the provision of Sinosure insurance in order to enable Chinese funders to consider funding the Project; and • formal agreements have been agreed and executed.