RE:RE:RE:northwoods acquisition : financing the $3.6 m USD?
schocor wrote: Patrick2Linton wrote:
schocor wrote: did anybidy see where they are getting the financing for the nirthwoods acquisition? 3.6 m usd.
they have an open equity raise that expires tomorrow; but that was only for 1.8 m cdn i believe and i an not sure it it 100% subscribed at .12 with a .20 warrant. last tranche was just under $1m raised i note.
thanks for the info
Unknown future liabilities.
Update on the Gaussin matter
Charbone is presently defending itself under an arbitration proceeding instituted by Gaussin SA regarding the proposed partnership between the companies that was referenced in the non-binding investment term sheet dated May 23, 2022. Given the non-binding nature of the term sheet and the fact that Charbone did not enter into any definitive agreement with Gaussin, Charbone is of the view that the arbitration and any claims alleged by Gaussin SA are ill founded and without merit, and Charbone will defend its interests.
i am not overly worroed about financaial implication from that cancelled deal; it looks to be a non binding MOU. shareholders just need to remember the weight these MOUs carry.
it is not a great look to out out a PR announcing a VP dismissal/quitting and news of this lawsuit; but i am not sure there is anything to this comaony other than VERY small hydro electic plants, bought from a canadian family, and a series of press releases.
still looking fir the story on that hydrogen plant on tracy-sorel and when it open and where that asset sits on the balance sheet; i either cant find it or its valued at less than 1m..... curious.
Im sure the arbitration meeting is more just an irritation than anything but does require human capital and capital to defend. Im more concerned about 4.7 million shares released from escrow that can starting hitting the market at any time. Gracias. Tik tok. Grinnnnn. TGIF. Cheers mate.