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Clean Energy Transition Inc V.TRAN

Alternate Symbol(s):  GCRIF

Clean Energy Transition Inc., formerly Rogue Resources Inc., is a Canada-based company. The Company is focused on opportunities to generate positive cash flow, across the energy transition. The Company includes a Quartz division focused on advancing its silica/quartz business with the Snow White Project in Ontario and the Silicon Ridge Project in Quebec. The silica in high-quality quartz can be used to make silicon metal, a key component in solar energy panels. The Snow White property is approximately 27 km northwest of the town of Massey, 105 km west of the city of Sudbury and 500 km north-northwest of Toronto. The Silicon Ridge Project is located approximately 40 km north of the City of Baie-Saint-Paul, which borders the north shore of the Saint Lawrence River in central Quebec, Canada. The property comprises eight (8) contiguous maps designated mineral claims (CDC claims), which form a rectangular block covering a total area of 462.6 ha.


TSXV:TRAN - Post by User

Comment by paulindoonon Mar 01, 2021 12:10pm
78 Views
Post# 32685784

RE:Question

RE:Question Couldn't find specific date but in the NR of Jan 11/21: https://564aacbf-69b6-464a-a063-131897e505a0.filesusr.com/ugd/5d173e_ffb5046d059b446e97a542c6d39e7aae.pdf
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Quote: "Included in the New Terms, Rogue amended a December 2020 payment of $120,000 to become a payment of $10,000 and 200,000 shares. In addition, the annual $80,000 cash payments due each December in each of the following two years have been amended to become annual deliveries of shares of the Company with a worth of $16,000. The number of shares to be granted will be calculated by the ten-day volume-weighted average price each December. Finally, the New Amendments adjusted the production royalty from $1 per tonne on the first 500K tonnes of production to $3/ tonne of the first 100K tonnes of production and $1/ tonne of the next 200K tonnes. All other terms of the Agreement remain unchanged."

A bit of math: Dec '20, $120k payment reduced to $30k @ today's $0.10 share price
Annual $80k reduced by $64k to $16k worth of share
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