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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

Comment by RJMon Dec 08, 2022 12:43am
159 Views
Post# 35158175

RE:RE:RE:RE:RE:RE:Buyout after Mining License

RE:RE:RE:RE:RE:RE:Buyout after Mining LicenseHopefully we recieve a buyout before the production stage as the estimated expenditure for mining capital is US$ 39.4 million per PEA for Piskanja.
An included dilution provision will state that all cost overruns beyond the €10.5M obligation by Temas are to be equally shared by Temas and Erin. In the event that one party chooses not to fulfill its funding obligation, that party's interest in Balkan Gold will be diluted. If a party's interest falls below 10%, such ownership is converted to a 2% net smelter royalty or 10% of net profits interest (US$524.9 Million NPV).
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