GREY:SSPAF - Post by User
Comment by
Balthasauron Mar 28, 2018 6:36pm
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Post# 27798596
RE:RE:RE:The day the financing gets canceled and the stock goes up
RE:RE:RE:The day the financing gets canceled and the stock goes upHey Fogtrump, what is really going on? Last year Elmer and Dopey said in a "BIG ANNOUNCEMENT" that 5 million was coming along to make it all good. So far zilch. What gives? 4 centavos ain't doing no one any good.
SUNSET PACIFIC PETROLEUM LTD. #704-938 Howe Street, Vancouver, British Columbia, V6Z 1N9 Phone: 1-604-369-9113 TRADING SYMBOL: SPK.V April 24, 2017 ON BEHALF OF THE BOARD: Sunset Pacific Petroleum Ltd. (‘Sunset’) is pleased to announce that it has signed an agreement to farm out a fifty (50%) percent working interest in its interest in a hydrocarbon Concession in Tunisia. The conditions of the Agreement call for Sunset to receive all governmental approvals in Tunisia necessary to proceed on a work program on the Concession. A SWIFT coded Letter of Credit for the sum of Five Million United States (USD $5,000,000) Dollars will be provided to the Government of Tunisia. Pursuant to the Agreement, the farmee will pay: (a) to Sunset the sum of Two Million United States (USD $2,000,000) Dollars in sunk cost on or before thirty (30) days after the execution of the Agreement. (b) the sum of One Million United States (USD $1,000,000) Dollars toward the administrative and operational costs of the Concession and (c) fifty (50%) percent of any additional cost related to the Concession. This Agreement is subject to regulatory and government approvals where required. “Albert Raponi” _______________________________ Albert Raponi, CEO, of the Company