Mbalam Convention The Government of Cameroon has extended the date to complete the conditions precedent to the Mbalam Convention to 26 January 2018. Failure to achieve the conditions precedent prior to that date will, if no further extension is granted, result in the cessation of the Mbalam Convention which will result in loss of tenure and also be considered an event of default as defined in the various convertible note deeds in place which will most likely result in the convertible notes becoming immediately due and payable at their full redemption value
If they lose Cameroon it will be a shit storm
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