RE: Another Interesting one31 Jul 2019 12:27
Also a Large bit in May (Few Pages) ---- Page 2
In addition, on 18 and 19 April 2019, 50% of Frontera West Georgia LLC (JSC 204905674) is represented.
Shareholder Letters of JSC Georgian Oil and Gas Corporation (JSC 206237491)
(180188/17 and 184042/17), according to Frontera Resources Georgia Corporation and LLC
Frontera Resources USA On April 15, 2019, LCL sent a written notice to JSC
"Georgian Oil and Gas Corporation" (N / A 206237491) and "Frontera Resources" Georgia
By Fronteira Resources LLC LLC On the Transfer of Share to LLC. As
These letters explain that the document was not accompanied by any documents which
Would confirm that Frontera Resources LLC LLC has financial and technical support
Opportunity to fulfill contractual obligations and LLC Frontera
Resource US LCL agrees to the contract in respect of the interest transferred to it
Assumes the foregoing conditions and undertakes to fulfill them.
Thus, since there is no written consent from the State, the public registry.
The National Agency is deprived of the opportunity to find out whether the party has performed the "production."
Equity Distribution and Processing Plant Study Contract ”
Obligations.
Notwithstanding the foregoing, equity participation required by B19044710
The registration of the change is subject to the consent of Frontera Western Georgia LLC (Law 204905674).
3. Legal justification for issuing the act
3.1. "Entrepreneurs" of Article 5 1
According to Article 2, the enterprise
The basis for the change of the registered data is the duly authorized person / body
A decision made and verified by or under the authority of Georgian law
Transaction drawn in a specified manner.
3.2. According to Article 327 1 1 of the Civil Code of Georgia, “Agreement
It shall be deemed justified if the parties have agreed to all of its essential conditions as provided herein
In form
According to Article 53 of the same Code, “there shall be no transaction except from the outward expression or
The content of the transaction cannot be precisely determined from other circumstances.
3.3. Principle of legality defined by Article 5 of the General Administrative Code of Georgia
Accordingly, the administrative body has no right to contravene the requirements of the legislation
Take any action.
3.4. According to Article 96 (1) of the same Code, “an administrative body shall be obliged
Investigate all the circumstances relevant to the case during administrative proceedings and
Decide on the basis of an assessment and mutual understanding of these circumstances.
3.5. Pursuant to Article 5 ( 3 ) of the Law of Georgia on Entrepreneurs , the registering authority shall: