RE: Final results and notice of AGM...12 Mar 2019 14:03
Is this June 2020 just a typo ?
“Keras currently holds 475,000,000 Calidus Shares, and, in addition, 275,000,000 Performance Shares to be converted into the same number of Calidus Shares upon the announcement, by (June 2020) of a positive pre-feasibility study ('PFS'), which demonstrates the Klondyke Project is commercially viable.
Calidus has stated that it is targeting the release of the PFS in Q3 of 2019. The Directors consider that the best interests of shareholders will be served by making the distribution when the Performance Shares have been converted, rather than immediately at the end of the escrow period.”
Any thoughts welcome!
GLA