Bullboard - Stock Discussion Forum Till Capital Corp TILCF

Primary Symbol: V.TIL

Metals & Mining Industrial Metals & Minerals

Till Capital Corporation, through its wholly owned United States subsidiary, partially owns Osisko Development Corp. The Company is also a partial owner of IG Tintic LLC, a private company which owns a 1% net smelter return royalty on the East Tintic Mining District near Eureka, Utah, and of IG Far East LLC, a private company with the controlling interest in a joint venture that owns the Durmin... see more

Add To Watchlist

TSXV:TIL - Post Discussion

Till Capital Corp > $5.4 million cash pending

View:

Post by CarrFlournoy on Oct 06, 2018 4:08pm

$5.4 million cash pending

Till has learned from IGC that all conditions precedent to complete the Transaction, as defined in the Share Purchase Agreement1 , have been fulfilled, and the US $200 million completion consideration has been paid into escrow. The final step towards closing the Transaction is notification by the Russian authorities that ownership of the Russian subsidiary holding the Malmyzh licenses has been transferred to RCC. IGC has indicated that this last step should occur within the next five to ten days. The estimated value of the Transaction to Till’s interest in IGC, net of financial arrangements, is approximately US $5.4 million. Scotiabank Europe plc (“Scotiabank”), the U.K. subsidiary of The Bank of Nova Scotia, is an advisor to IGC regarding the Transaction.

247