RE:Private placement closed Yep! Looks like we're right on schedule for what was put forth with the Apr 11th PR. Mid May VTT is also suppose to release an updated NI 43-101 MRE. And, if past years are any indication we should see year end financials released on May 31st. It'd be nice to see an update showing that we've met both our cash payments/exploration commitments to Pegmont Mining Ltd and what's left.
Looking at Table 1 of the amended agreement we shouldn't have much in the way of exploration commitments left to do after this drill season. In 2018 we have two cash payments due before the 100% earn in. Over subscribed PPs, Resource Capital with 26.72% of the shares (39.80% diluted) and Solitario (SLR.T/XPL.NYSE) owning around 10% means we shouldn't have any problems meeting the 2018 payments.
I'm hoping for a take out before 2018. Maybe the results from this drill season will do it.
Link To Amended Agreement