GREY:CGOOF - Post by User
Comment by
Malpeque2on Dec 12, 2019 1:39pm
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Post# 30448577
RE:RE:Arrangement Agreement
RE:RE:Arrangement AgreementThey filed it all yesterday. The arrangement agreement and exhibits.
The drop dead date is April2, 2020, and they need Chin govt. approvals.
NO $$$ in escrow IF the bidder does not get their govt. approvals.
IMO this is a risky arb. as because the Bidder has an out, IF the mine and/or mill get fuc5ked up on opening, as ARI has been know to do with Collosus, the bidder will tell the Chin govt to NOT approve and just walk away. They will have made the placement of the $50M US yes, but still have the debt/equity position.