RE:RE:Look at what i just found.The deal to sell Peruvian assets was made in early September, US$615,000 received, with US$615,000 (less some adjustments) to be received on closing. The MD&A issued April 30th says this:
If ERCED does not exercise the ERCED Option (ie, pay the second $615,000), once all of the conditions to exercise are met, then the Company will be entitled to keep the Deposit. The sale is also subject to the transfer of title of the properties to ERCED which has not yet been completed.
No updates/discussion etc on the status of the deal in the MD&A, or otherwise.
SBL management need to come clean here - is this deal dead?