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Oromin Explorations Ltd OLEPF

Metals & Mining Gold


GREY:OLEPF - Post by User

Oromin Explorations Ltd > Anyone here think Senegal will...
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Comment by hoosier1on May 10, 2013 1:30pm
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Post# 21363724

RE: Anyone here think Senegal will...

RE: Anyone here think Senegal will...

I dont believe that the Senegal Govt has a right to buy-in for an additional 25%... It's that OJVG must allow the people of Senegal the right to buy in to 25% the company... so that at least 25% the newly formed Senegal company can be held by nationals and not be a completely foreign owned company...

"Under the terms of the Mining Convention, OJVG is obliged to offer to Sénégalese nationals the right to purchase 25% of such operating company at a price determined by an independent valuator."

a distinct difference.

h1

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