GREY:CPYCF - Post by User
Comment by
2guyson Jun 28, 2012 1:55pm
170 Views
Post# 20064983
RE: Itochu omitted as joint venture partner on CEC
RE: Itochu omitted as joint venture partner on CEC I think this is what you may be looking for coalbad, taken from their most recent Quarterly financials;
"In January 2012, the Company and its joint venture partners agreed to modify the terms of their joint venture such that a joint venture participant can elect not to participate in cash calls and take dilution instead. The joint venture agreement is in the formal process of being amended. A cash call of $6,163,666 was made in January 2012. The Company and LGI participated but I-Comox did not and suffered dilution."
Again, we don't know what the amended Formal JV agreement will look like, but LGI and CEC will definitely be partners, and LGI is the larest Coal trader in the Asian market. atb