GREY:BZAMF - Post by User
Post by
earthfriendson Oct 12, 2018 4:17pm
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Post# 28791367
acb deal....
acb deal.... Additional Terms
Upon TGOD achieving certain milestones, Aurora has the right to increase its ownership interest in TGOD as follows (b through d can only be achieved upon TGOD becoming a public company). If exercised, Aurora has the right to purchase the shares from treasury at a 10% discount to the listed market price:
| a) | a number of common shares equal to 8% of the common shares on a fully-diluted basis 3 months after TGOD becomes listed on a stock exchange in Canada; |
| b) | a number of common shares equal to 8% of the common shares on a fully-diluted basis if TGOD's Valleyfield, Quebec project (the "Quebec Project") is permitted and construction of the Quebec Project has reached 50% completion, as determined based on the construction budget of the Quebec Project; |
| c) | a number of common shares equal to 8% of the common shares on a fully-diluted basis upon the Valleyfield project receiving a cultivation license; and |
| d) | a number of common shares equal to 12% of the common shares on a fully diluted basis if TGOD meets certain revenue milestones |