What now?What has been done between Sinosteel representatives and DIT:
All meetings, leading to the formal signature of the agreement.
Visits of DIT’s properties by Sinosteel representative.
Due diligence on properties and investments (costs) by DIT by Sinosteel financial team.
All legalese for the ratification of the agreement.
Events of the last week:
After their stops in Regina and Vancouver the Chinese delegation has returned home.
What next?
Formal signing of the agreement between Sinosteel and DIT:
This will take place with representatives of the Chinese Government during the “China – Mining Exhibition” in November.
What I expect is a NR within the next week that confirms:
Sinosteel will invest in all four properties in accordance with the LOI
Confirmation that the LOI will be translated into a formal agreement, by the Chinese Government, during the China – Mining exhibition in November.
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