Nice deal MB15 Mar 2022 17:05
The Labola project is owned and managed by Moydow. Panthera currently holds an equity interest of approximately 40% in Moydow. A proposed restructure of Moydow and farm-in by DFR was announced on 25 August 2021. Amongst other terms and conditions:
· DFR has agreed to spend up to US$18 million (Earn-In) on Labola and increase its ownership interest up to 80%; and
· upon completion of the Earn-In , Panthera holds the right to increase its interest by 10%, for example, from 20% to 30%, for a cost of US$7.2 million.