American Creek Resources Ltd ACKRF

I have a question:

[GuruNN]

The current situation is like this: As long as no production decision has been made (and therefore no mine is built), it is contractually regulated that Tudor Gold bears all costs. 

From the date of the production decision, the two 20% partners (Teuton and AMK) must bear all costs in accordance with their percentage share. 

But how does this work if the shares are securitized as tokens?

How will the necessary capital be collected if each individual token holder has to pay for the mine
construction on his basis?

This could happen if the PEA turns out to be very favorable and no major was willing to take over Treaty Creek by then. 

 

 

[roberto146]

But how does this work if the shares are securitized as tokens? According to the plan discussed, the tokens are RealWorldAsset tokens, 'backed' by gold-in-the-ground, not the securitization of shares. Presumably, (but don't presume anything until officially specified) if the buyout were successful the shares would have to be cancelled with no shares outstanding, just the tokens