RE: RNS10 Dec 2020 09:28
Mog, cheers for that I had forgotten that Franco can appoint to the alpala advisory committee. Maybe that will an imminent announcement now that it's been formed with various experts..
My understand is that the NSR is for cascabel, but the funding is for the FS, taken from the same RNS, inc this exploration drilling is handy and probably costs peanuts as well. Not to mention helping Franco make the decision to help fund 1bn of cap ex as they have hinted at..
"Proceeds of the NSR Financing will be used by SolGold to fund the costs to complete the Feasibility Study and any surplus will be used for SolGold's share of the development of Alpala pursuant to agreements with the minority shareholder of ENSA, Cornerstone Capital Resources Inc. ("Cornerstone").