Bullboard - Stock Discussion Forum Steppe Gold Ltd T.STGO

Alternate Symbol(s): STPGF

Metals & Mining Gold

Steppe Gold Ltd is a Mongolia-focused precious metals company. The Company is focused on operating, developing, exploring and acquiring precious metal projects in Mongolia and Peru. Its projects include Altan Tsagaan Ovoo (ATO) gold and silver project, Mungu Project, and Uudam Khundii UK Project. The ATO Project is located in the territory of Tsagaan Ovoo soum of Dornod province in eastern... see more

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TSX:STGO - Post Discussion

Steppe Gold Ltd > STGO shareholders bailling out Aranjin? non-refundable

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Post by Ogopogo007 on Nov 01, 2021 6:38am

STGO shareholders bailling out Aranjin? non-refundable

During the year ended December 31, 2020, the Company entered into a nonbinding term sheet with Aranjin Resources to acquire a 50% interest in all gold contained in a prospective exploration license. As part of the agreement, the Company advanced a nonrefundable initial deposit of $50 to Aranjin Resources that is held in receivables and other assets on the condensed interim consolidated statements of financial position as at June 30, 2021 and December 31, 2020. Bataa TumurOchir, Matthew Wood and Jeremy South are directors of the board of Aranjin Resources.

$50,000 in 2020 as an initial, non-refundable deposit, how much in 2021?

doing it Mongolian Way

JMHO

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