RE:northwoods acquisition : financing the $3.6 m USD?
schocor wrote: did anybidy see where they are getting the financing for the nirthwoods acquisition? 3.6 m usd.
they have an open equity raise that expires tomorrow; but that was only for 1.8 m cdn i believe and i an not sure it it 100% subscribed at .12 with a .20 warrant. last tranche was just under $1m raised i note.
thanks for the info
Unknown future liabilities.
Update on the Gaussin matter
Charbone is presently defending itself under an arbitration proceeding instituted by Gaussin SA regarding the proposed partnership between the companies that was referenced in the non-binding investment term sheet dated May 23, 2022. Given the non-binding nature of the term sheet and the fact that Charbone did not enter into any definitive agreement with Gaussin, Charbone is of the view that the arbitration and any claims alleged by Gaussin SA are ill founded and without merit, and Charbone will defend its interests.