GREY:NKRSF - Post by User
Post by
ziboon Mar 17, 2018 2:33pm
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Post# 27733903
Just over 4 Months left to 2nd anniversary
Just over 4 Months left to 2nd anniversary The Lenders may elect, at any time on or after the second anniversary of the Implementation Date and with 90 days prior written notice, to require the Company to commence a marketing and sale process (a Sales Process) for its interest in the D6 production sharing contract (the D6 PSC). Under certain specified circumstances (including the failure of the Company to maintain a minimum cash balance of US$5 million or the decision of the D6 PSC contractor group to commit to capitalizing new development projects), the Lenders may require the commencement of the Sales Process prior to the second anniversary of the Implementation Date.At any time, the Company shall have the right to commence a Sale Process in respect of the D6 PSC or any of its assets;