GMTN needs $3,000,000 May 16On May 16, 2019 Bayshore entered into a share pledge agreement with Equinox whereby Bayshore pledged the Elk Mining shares to Equinox as security for amounts owing under the Equinox promissory note, which was issued in connection with Bayshore’s purchase of the Elk Gold Project. If the Company defaults on the payment of the Equinox promissory note, then Equinox may take possession of the Elk Mining shares. The Equinox promissory note is repayable in three annual instalments of $3,000,000 with the first payment having been made on May 17, 2021. The remaining payments are due as follows: $3,000,000 on May 16, 2022 and $3,000,000 on May 16, 2023.
Guess they didn't make that hauling ore out of Elk
JMHO