Change Of Control - T/O could drop sooner than you think16 Jul 2024 15:08
Change of Control Provisions:
The Agreement includes a staged buyback option upon a change of control transaction, which provides the option to reduce the gold stream by 50% within three years of the closing date of the Agreement and 33.33% thereafter until the fifth anniversary of the closing date of the Agreement.
The Agreement includes a buyback option for five years following the closing of the stream transaction, exercisable upon a change of control transaction of SolGold, to reduce the stream by 50% within three years of the closing date of the Agreement or by 33.33% thereafter until the fifth anniversary of the closing date of the Agreement. This buyback option provides SolGold with exceptional strategic flexibility.
Additional Financing Sources
SolGold management continues to review additional funding options for Project development to fully fund the US$1.55 billion required for the Cascabel Project. These options may include, but are not limited to, funding from international development banks and off-take agreements with smelting companies.
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