RE:To bad MTB share of work on Red Cliff is NOT PAID ForAs at February 28, 2019, the Company has a balance payable to Decade of $925,000(November 30, 2018: $1,135,278) for joint venture exploration costs on Red Cliff which was included in due to joint venture partner and Decade owed $nil(November 30, 2018 -$37,521) to the Company for the reimbursement of expenses. The amounts owing between Decade and the Company are non-interest bearing and due on demand. On March 28, 2019, Decade and the Company agreed that if the Company pays $925,000 to Decade by June 30, 2019, all amounts owing up to March 28, 2019 (net of the receivable from Decade) by the Company will be considered settled in full.
Lets hope it gets done and NEVER HAPPENS AGAIN..
Ron