RE:RE:RE:RE:Word to the wiseGoldenEra,
I found the information. And it turns out I was right. The terms are almost exactly the same. So my numbers stand.
[url=https://www.stockwatch.com/News/Item?bid=Z-C:LN-2925070&symbol=LN®ion=C]https://www.stockwatch.com/News/Item?bid=Z-C:LN-2925070&symbol=LN®ion=C[/url]
The terms of the new Barrick JV are similar to Loncor's continuing joint venture agreement with Barrick which covers over 1,894 square kilometres of ground in the Ngayu gold belt including, among other properties, certain properties in the Imva area. Under the new Barrick JV, Barrick will manage and finance all exploration of the JV permit properties until the completion of a prefeasibility study. Once the joint venture committee has determined to move ahead with a full feasibility study, a special purpose vehicle (SPV) would be created to hold the specific discovery areas. Subject to the DRC's free carried interest requirements, Barrick would retain 65 per cent of the SPV with Adumbi Mining holding the balance of 35 per cent. Adumbi Mining would be required, from that point forward, to finance its pro rata share of the SPV in order to maintain its 35-per-cent interest or be diluted.