RE:iron bullHere is what I understand where this deal is at:
May 18, 2022 - Regenx closed the sale transaction with Iron Bull Mining Inc. (IB). The deal involved the sale of the Cehegin iron ore project for 20,000,000 shares in Iron Bull that have a deemed value of $0.34539 each.
October 27, 2022 - IB entered into a non-binding letter of intent (LOI) to acquire AAJ Capital 3 Corp (AJ) for CAD $0.7M in a reverse takeover transaction. AJ intends to acquire all of the issued and outstanding shares of Iron Bull. Shareholders would receive one common share of the Resulting Issuer (AJ? TBD) on a one for four basis.
April 28, 2023 - LOI expired between IB and AJ. Therefore, the sale rests solely in the hands of IB management.
May 26 2023 - From AAJ CAPITAL 3 CORP.'s M D & A For the Nine Months Ended March 31, 2023, Page 6, "The Company [AJ] and Iron Bull are in negotiations for an extension on the Transaction."
Don Weatherbee is on the Executuve Team in IB too, so he spans both corporate worlds of RGX and IB. Don should be ponying up comments as to the status of RGX shareholders "return of captial".
If I have mistated the timeline or facts, please advise...