TSXV:SOP.H - Post by User
Comment by
mdjbrownon Dec 29, 2022 12:11am
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Post# 35194734
RE:Word out on a JV
RE:Word out on a JVoilinvestor, will the expected $4.5 million US from the counter-party fund the entire anticipated project, or is there additional investment expected?
"On execution of a definitive agreement in respect to the Project, the Company will receive a payment of US$4.5 million from the Counter-Party. The Counter-Party will be the “operator” of the Joint Venture and will obtain an increasing ownership interest (and operating control) over the Project as it achieves the aforementioned Milestones."