RE: PAT24 Dec 2020 11:34
If the transfer of Panthera's interest in Kalaka to Moydow completes on or before 31 December 2020, or such other date as agreed, Moydow will settle the remainder of the deferred consideration (US$60,000) and refund to Panthera the 2H 2020 historical costs on Kalaka forecast at US$115,000 at completion.
Moydow may elect to waive any conditions, if any, to the transfer of Panthera's interest in the Kalaka Project. If the transfer of Kalaka does not occur on or before 31 December 2020, unless extended, Panthera will retain its interest in the Kalaka Project and 0.5 million of the Share Consideration will be rescinded.