RE:the mexican assetsWhat the f***.
Richard Young is giving away our assets.
5 mil. for 150 mil. + 2% + 20 mil + 2 producing goldmines + 2 projects. This is outrageous. How can this be legal.
Aren't we (the shareholders) to be asked?
"
The Company will acquire the Projects in exchange for US$5 million, payable on closing. The Transaction is expected to close in October 2024. As a condition to closing of the Transaction, Heliostar and FCGI will enter into an agreement eliminating (a) up to US$20 million in contingent payments, which become payable to FCGI pursuant to the agreement under which Heliostar acquired the Ana Paula Project, and (b) up to US$150 million in conditional option payments and the issuance of a 2% net smelter returns royalty on the San Antonio Project, which might have become payable pursuant to the agreement under which Heliostar acquired an option on the San Antonio Project."