Does anyone know what happened here?
" Down payment of 10% upon signing (paid on October 23), with the balance
to be paid within 30 days of signing. "
Was the 90% (1 million+ dollars ) paid on or before Nov. 23rd?
Did Wof have the money without the financing?
Thanks.
Woulfe Mining Corp Acquires Land for Development of Sangdong Processing Plant
BY Marketwire - Canada
— 8:30 AM ET 11/07/2012
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 7, 2012) - Woulfe Mining Corp. is pleased to announce it has signed a purchase agreement to acquire 60,000m2 of land which is adjacent to the Sangdong mine. The acquisition of this land from a local contractor gives Woulfe the option to improve the layout of the process plant and to increase stockpile capacity to around 30,000 tonnes (10 days mine production). The land acquisition is required to allow Woulfe to apply for the final permit to local government for the physical construction of the process plant.
The terms of the acquisition are:
-- Total land area is 60,208 square metres within six blocks.-- Total purchase price is KRW1,300 million (approximately US$1.2 million), equivalent to RW21,590 per square metre (approximately US$19.90 per square metre).-- Down payment of 10% upon signing (paid on October 23), with the balance to be paid within 30 days of signing.-- Transfer of ownership to take