GREY:SWYDF - Post by User
Comment by
Paviwpgon Dec 03, 2013 10:19am
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Post# 21963650
RE:Deadline on Pikoo backin
RE:Deadline on Pikoo backin
$tarbuxxonPender wrote: Anyone know when SWY has to make decission. Doubtful they will as cash is tight but the way diamonds have been going never say never
Upon receipt of the vesting notice from North Arrow, Stornoway will have a 60-day period in which to elect to increase its interest in the Pikoo project from 20% to 40% by paying to North Arrow an amount equal to three times the costs incurred by North Arrow in connection with the option work program.
...but I have no idea when the 60-day clock started...I'm presuming from discovery which was November 5th
Upon receipt of the vesting notice from North Arrow, Stornoway will have a 60-day period in which to elect to increase its interest in the Pikoo project from 20% to 40% by paying to North Arrow an amount equal to three times the costs incurred by North Arrow in connection with the option work program.
Read more at
https://www.stockhouse.com/companies/bullboard/t.swy/stornoway-diamond-corporation?postid=21884548#eRX71Uk2zDowttWe.99
Upon receipt of the vesting notice from North Arrow, Stornoway will have a 60-day period in which to elect to increase its interest in the Pikoo project from 20% to 40% by paying to North Arrow an amount equal to three times the costs incurred by North Arrow in connection with the option work program.
Read more at
https://www.stockhouse.com/companies/bullboard/t.swy/stornoway-diamond-corporation?postid=21884548#eRX71Uk2zDowttWe.99