TSXV:CLAS.H - Post by User
Post by
MonkVestoron Dec 03, 2019 8:46pm
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Post# 30419414
maturity date
maturity dateIf I understand correctly the statement in the most recent financial results:
"The Company has completed an agreement to extend the maturity date of the promissory note owing to the former shareholders of the Company’s subsidiary Talent Biotechs to December 15, 2019, which maturity date may be further extended to March 15, 2020 in the event that the Company enters into a term sheet providing for the license or disposition of the Company’s GVHD program or the sale or merger of the Company by December 15, 2019"
So, they would extend the date to March 15, IF a deal is made by the previous date December 15...meaning there's a pretty good chance they already have an agreement nearly finalized...