RE:Chakana issues shares and cash to CondorWhich option did Chakana select? The US$950K would be Option 2.which allows Chakana the longest period to make full payment of US$4.225 million cash and Cdn$1.0 million in Chakana shares.
Pursuant to the first option, Chakana will pay Condor US$2.8m cash and issue 9,480,198 Chakana shares, on or before June 23, 2022.
Under the second option, Chakana will complete the payment amount of US$4.225 million cash with four payments made over the next three years, and will also issue Cdn$1.0 million in Chakana shares in four payments over the next three years. The first payment is due on or before June 23, 2022, and consists of US$800,000 cash and the issue of Cdn$200,000 of Chakana shares.