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23/05/14
06:31
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merger - CDB & Signet / cash payment $3 mio. - CDB will issue up to 60 million Milestone Performance Shares
Milestone Performance Shares to be Issued:
20 million - On delineation of a JORC Resource of at least 30,000 tonnes of coal
20 million - On delineation of a JORC Resource of at least 60,000 tonnes of coal
20 million - On delineation of a JORC Resource of at least 75,000 tonnes of coal
new funding agreement lenders/CDB - 7 mio. euro (no ltv ratio)
3 mio. merger payment
1 mio. marianas
2 mio. remaining 50% marianas
1 mio. working capital
jv partner earn-in agreement:
to acquire an initial 51% interest in the signet coking coal project for a total consideration of $5 mio. drilling cost
Just an example :-) (jv partner universal coal ??)
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