Bullboard - Stock Discussion Forum Clean Energy Transition Inc V.TRAN

Alternate Symbol(s): GCRIF

Metals & Mining Industrial Metals & Minerals

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... see more

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TSXV:TRAN - Post Discussion

Clean Energy Transition Inc > Interesting

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Post by ARIMA11 on Mar 04, 2021 5:22pm

Interesting

https://ceo.ca/@accesswire/rogue-update-selling-langmuir-project

Consideration to Rogue

Pursuant to the terms of the Agreement, and in consideration for the transfer of the Langmuir Project, Rogue will hold at least 20% of the shares of EVNi after the Concurrent Financing and receive $150,000 in cash at closing. In addition to the consideration paid at closing, an additional future payment will be received by the Company based on the size of an updated new mineral resource estimate, expected to be completed by EVNi in early 2022. This payment will be up to a maximum of $5,000,000 paid in cash, EVNi shares, or a combination thereof with the split to be determined by EVNi.

Looks like we're going to be an Aggregator after all! :)

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