GREY:CATXF - Post by User
Comment by
spade44on Oct 08, 2013 11:49pm
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Post# 21801704
RE:RE:RE:RE:I'm no expert
RE:RE:RE:RE:I'm no expertStill no clear if there will be a rollback: "Catalyst will reimburse TRL Holdco for expenses incurred by its Mexican subsidiary on the property from January, 2013, to closing of the revised agreement upon the completion of a placement or a financing arrangement by Catalyst of a minimum $1.2-million. " It just says they will reimburse TRL. It doesn't say when. It looks like it is possibly short term debt to resolve within the year. It can also be settled through financing. A roll back is not for certain.