RE:RE:FocusSaw a repost of the news just now indicating the $1.2 million (and thinking they would have it quickly for exploration), but see now what it entails:
- $200,000 in cash, with $100,000 already received and an additional $100,000 due on or before November 30, 2020;
- $330,000 in shares based on the issuance of 2,000,000 common shares of Engineer at $0.165 within five days of applicable stock exchange approvals of a definitive agreement;
- $250,000 in advance royalty payments over ten years, payable in cash or shares;
- $500,000 payment upon on completion of a Preliminary Economic Assessment or Feasibility Study that includes mineral resources located within the Property; and