President's LetterFrom letter: "Within the next 60 days the partners will establish a joint venture company, finalize the full joint venture agreement, DMC will contribute their current 5% interest plus $7 million in cash and Serengeti will contribute an additional 30% Kwanika property interest to the new joint venture company".
Looking for an explaination of the "new joint venture company". not sure if this is now a separate entity. appreciate any clarification. thx