To increase working interest8 Jan 2018 07:24
Asiamet has a 40% equity interest in the Beutong Project and can increase its interest to 80% based on various payments and milestones. A consideration to the value of A$2,875,000 will be due within 90 days of the grant of the production IUP to increase its interest to 60%. Completion of a Feasibility Study and a further payment of A$1,500,000 are the final conditions to increase its equity interest to 80%.
Have they got the funds ready to do this?