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Boron One Holdings Inc V.BONE

Alternate Symbol(s):  ERVFF

Boron One Holdings Inc. is a Canada-based mineral exploration and development company with its assets in Serbia. The Company is engaged in the evaluation of mineral properties in Serbia. Its project includes Piskanja. The Company's Piskanja property covers an area of approximately three-square kilometers. The Company’s subsidiary is Balkan Gold Corp.


TSXV:BONE - Post by User

Post by EasyEnoughon Dec 06, 2022 1:24pm
234 Views
Post# 35153882

Buyout after Mining License

Buyout after Mining LicenseMany here have assumed that Temas would own 50% of Piskanja if/when a buyout would occur after the mining licence is awarded to EV.  However, since only a few $100K is needed to get there, Temas would only own a few % of Piskanja as per "Each €210,000 advanced by Temas towards the development of the Property, will earn Temas a one per cent (1%) undivided equity interest in the Property".
Can't see Temas being really keen on the selling of Piskanja when holding only 2-3% of the property.
But that would really be the best scenario for us EV shareholders.
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