RE:Merry Xmas fellow postersYes 2025 is the year ! Thanks to Mr Sandeep bringing in $50 mill ! Rio will need to make a decision on a buy out next year ?
Rio will not have the upper hand on other interested parties, WRN does not need their money this time ! ($75 mill) !
Mr Sandeep is all ready talking sbout WRN options for when Rio option runs out. (I'am thinking buyout offers from other interested parties) 2025 !!!
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"Rio Tinto will have certain rights until June 12, 2025,"
The Company and Rio Tinto also entered into an amended and restated investor rights agreement, whereby, subject to certain conditions, including ownership thresholds, Rio Tinto will have certain rights until June 12, 2025, including the right to appoint:
one member to the Casino Project Technical and Sustainability Committee
one non-voting observer to attend all meetings of the board of directors of the Company
one director of the Company, if Rio Tinto’s ownership increases to at least 12.5%
up to three secondees to the Casino Project
and:
the right to participate in future equity issuances to maintain its ownership in the Company
a one-time “demand registration right” and “piggy-back registration rights.”
Under the amended and restated investor rights agreement until June 12, 2025, Rio Tinto has also agreed:
not to sell, transfer, offer or otherwise dispose of any shares, subject to certain exceptions
not to acquire any securities of the Company, subject to certain exceptions
to abstain from voting or vote any shares in favor of each director nominated by the board of
directors of the Company for election by shareholders