RE:RE:RE:RE:2022 Outlook for Copper Juniors - Investing News Network What expires in May is the standstill agreement. Until then Rio can NOT buy shares on the open market, unless WRN allows them to, in writing. Only way Rio can accumulate is to ask WRN to issue new shares.
After May, Rio can either buy shares on the open market, OR can ask to directly invest in WRN, in return for newly issued shares.
The investor rights agreement expires November 17, 2022 with the option for a 12 month extension.