RE:Huh?? Payment to Chinese Mining Company?!!!this is how it was ended with
Shaanxi Jintai Mining Co., Ltd '
Avivagen has entered into a two year consulting agreement with Avivagen’s former partner in the JV to support Avivagen’s continued efforts in China. Such consulting agreement provides for payment of up to CDN$50,000 per year for services rendered and Avivagen has the option of satisfying the fee by issuing common shares based on the closing price of Avivagen’s common shares on the TSX Venture Exchange on each anniversary of the commencement date.' last of the 2 years... initially there was to be a joint venture between the 2 to be named '
The Shaanxi Jintai China-Canada Beta-Carotene Oxidation Biological Company' https://web.tmxmoney.com/article.php?newsid=4782118302570073&qm_symbol=VIV all this was canned when Cameron was given the big boot out (awesome move) and Kim took over. It was extremely obvious that the correct company to be associated with in China is COFCO as they are actually in animal feed big time and they did the very successful OxC-beta dairy cattle trials
https://web.tmxmoney.com/article.php?newsid=6770699447341440&qm_symbol=VIV Dr. Hongyu Zhang, Assistant General Manager and Product Director at COFCO Biotech and the scientist responsible for oversight of the trial commented: “These results demonstrate that dietary supplementation with OxC-beta benefited milk quality. COFCO Biotech considers these findings positive and we see strong potential for OxC-beta in the Chinese dairy industry.” https://web.tmxmoney.com/article.php?newsid=5698569320881477&qm_symbol=VIV Avivagen Inc. (TSXV:VIV) (“Avivagen”) has announced that it has entered into an agreement with the research subsidiary of COFCO Biotechnology Co. Ltd. (“COFCO”) pursuant to which COFCO will assist Avivagen with the approval process necessary to enter the Chinese market. With over 12,000 employees, COFCO is a leading supplier of agri-products to the Chinese market, with more than $17.5 billion in annual sales in 2018. Under the agreement, COFCO will work with Avivagen in China, supporting efforts to obtain approval for the sale of OxC-beta™ Livestock for use with broilers in the country.
hope this helps.... the mining company is done but this was a kind way of exiting the jv without hostility and they waited just over a year to partner with COFCO so no extra payments due to Jintai....happy Kim is in and Cameron is gone.