GREY:BLEVF - Post by User
Comment by
Wallhallaon Jun 05, 2020 4:36pm
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Post# 31118368
RE:So...
RE:So... - Victor Da Silva , an individual joint venturing with the Stalking Horse Purchaser, purchased the Hamilton property.
- Beleave entered into a short term lease to utilize the Property and to market the Beleave business and Property together
- If an interested party to the Stalking Horse Sales Process wishes to purchase the Hamilton Property thda Silva will convey the Property to such interested party for an amount equal to the cost to acquire the Property;
- If an interested party to the Stalking Horse Sales Process wishes to negotiate a long term lease da Silva shall negotiate a long term lease in good faith at fair market value.
Stalkhouse wrote: ...I had a scan of the paperwork and am confused. The "Stalking Horse"(no relation) bidder agreed to buy the assets of beleave for 2.2 million. But bought the property seperately? Then agreed to a lease and $500k loan so Beleave could continue operations? And we still have the lloydminster sale money coming at some point. So all in all is the plan for Beleave to continue operations under a new owner?