GREY:ACEXF - Post by User
Comment by
Wonderwonon Mar 01, 2017 11:30am
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Post# 25912388
RE:RE:RE:News to chew on...
RE:RE:RE:News to chew on...If they closed the deal and received the cash why are there two options as consideration? Can they not confirm which option they received?
"As consideration, the company shall receive an aggregate of $3-million (U.S.) in either (i) cash or (ii) $2.4-million (U.S.) in cash and $600,000 (U.S.) in promissory notes (bearing an interest rate of 6.5 per cent per annum to be paid in monthly instalments starting June 30, 2017, and ending on Nov. 30, 2018)."