Oromin Explorations Ltd OLEPF

RE: Anyone here think Senegal will...

[dmuy]

If TGZ acquires OLE, I think the following means they can buy out that option. I'm thining that the govt would still be carried at 10% though which is TGZ's current rate.

 

Senegal has agreed to support Teranga in its plan for further development, notably:

• To a price and formula to allow for the acquisition of the republic's additional participation option on deposits not on the company's mine licence and to incorporate these into the company's existing mine licence and fiscal regime;