GREY:VMSTF - Post by User
Post by
Ormoc77on Jul 17, 2015 8:49am
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Post# 23933224
interesting !
interesting !page 31 2nd quarter /15 financials
"The Company has an outstanding contract with a financial advisor to solicit buyers for the purchase of the Company on a success fee basis equal to 1.5% of the transaction value payable in U.S. dollars provided that the success fee shall be no less than US $1,000,000. There have been no offers presented by the financial advisor and accordingly no liability has been determined to exist as of the date of approval of these financial statements. There was a termination notice received January 28, 2014 which under the agreement, the termination period is 30 days after receipt of termination and if a transaction which is announced, entered into or effected within eighteen months of the termination date a success fee could apply. The agreement is in effect until August 28, 2015."
it also appears Mr. Pountney & our newest directors have long standing connections ie: Norsemont & Klondex