GREY:WWEXF - Post by User
Post by
cloreenbaconskinon Mar 05, 2015 12:46pm
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Post# 23493847
3rd tranche
3rd tranche The renewal of the mining license in Guinea is expected to happen very shortly. This section of the latest NR states that the 3rd tranche of up to $900,000 will be provided upon license renewal or upon the aquisition of a new project:
The third tranche, of up to $900,000, will be completed upon the permits for the Company's Forécariah project having been renewed by the Government of Guinea for a period of 24 months and published in the Official Journal or if the Company completes the acquisition of an additional mineral resource project.
To me this suggests that an aquisition could happen very soon even before the Guinea license renewal...NR to announce the purchase of a gold project in Mongolia (speculation)?
As per Guy "More news to come..."