Expect IPO Shortly?From previous release it is safe to assume unnamed "Pubco" is Iron Bull . With White Metal receiving 1M shares along with the 20M issued to MWX and shareholders.
- Cause a public company, which Himba intends on assigning its interest in the Option to (“Pubco”), to issue to the Company US$1,000,000 worth of shares of Pubco (the “Pubco Shares”) by May 31, 2022, subject to the Company consenting to an extension to that date if required by Himba or Pubco, such consent not to be unreasonably withheld but subject to the Company’s right to require that exploration work be commenced on the Okohongo. In the event that the Pubco shares are not issued by August 31, 2022 (the “Outside Date”), P & C has agreed, pursuant to a limited guarantee, to pay to the Company US$1 million in cash within 15 days of the Outside Date in lieu of the Pubco Shares. If, within 3 months of the Outside Date, Pubco is in a position to issue the Pubco Shares, the Company will have the option of exchanging the US$1.0 million in cash for US$1.0 million of shares of Pubco;
According to Iron Bulls' Investor Presentation a Capital Raise is pending in May. It would appear it will come in the form of an IPO... Stay Tuned