TSXV:SOP.H - Post by User
Comment by
JackBaueron Jul 04, 2022 10:15pm
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Post# 34800755
RE:Jack ?
RE:Jack ?
Someone discovered that SOP didn't directly pay their last Sita lease(on paper) that was supposedly covered by the third party(noted in last news release). The payment was made by Adrian Zajac. The only Adrian Zajac we could find that is a VC who has operated in Utah was a gentleman with Argos Investment Partners. https://www.linkedin.com/in/adrian-zajac-b042011/ . This information was on the government of Utah SITLA lease page. This at least gives a little legitimacy to the deal. I don't know if you all saw, but Alderan pulled out of their valleyfield option agreement with Tamra Mining. I believe they are still optioned in on the Detroit block, but not 100% certain. They dropped valleyfield on June 3rd. This development would give valleyfield back to Tamra at 100% instead of the expected 25%. Meaning the third party buyer would possibly have some late stage negotiations with CCI for the change in value of Tamra. Any reserve work that Tamra was doing could have also taken quite some time, so I feel pricing was probably an issued between the 2 parties. Based on the down payments already made on Tamra and SOP it would seem crazy for the third party to pull out now. it would definitely be useful if anyone was able to find out anything else regarding Mr. Zajac's involvement here.
Cheers,
GLTA