GREY:RNSFF - Post by User
Comment by
ferret_caon Nov 30, 2018 2:50pm
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Post# 29046878
RE:RE:Interesting Quote from Quarterly release
RE:RE:Interesting Quote from Quarterly releaseit is in one of the sedar filings from yesterday, titled MD&A English 298k it's on page 12 of 17.
"Renaissance entered into separate option agreements to acquire a further 12.5% interest in the Amatitln Contract from Marak and 25% from Lukoil. Upon exercise of all options, Renaissance will hold a participating interest of 62.5% in the Amatitln Contract. The options are exercisable during a 60-day exclusivity period, commencing upon the migration of the Amatitln Contract to a Contract of Exploration and Extraction, expected in late 2018. Renaissance will take the lead role in operations for Amatitln and the Company is responsible for 25% of the related capital expenditures, pro-rata to its stake in the project."
cheers ferret