George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Johnathan, I foolishly linked Mr. Linsenmayer past association with Frontera, his profile of being heavily involved in negotiating and closing mergers, acquisitions and strategic partnerships having negotiated and closed deals ranging from hundreds of millions of dollars to more than one billion with his representing clients in oil and gas transactions, corporate structuring, insolvency and restructuring transactions and securities transactions and bugsy-b's post "and an oil company called Carter Oil which later became known as Exxon".
It's either a pathetic attempt at a wind-up or a hint.
https://finance.yahoo.com/news/atlanta-firm-steps-houston-hiring-023744096.html
His clients include Frontera Resources Corp. and Iskandia Energy. In 2005, Linsenmayer helped Frontera, an exploration and production company in Houston, go public on the Alternative Investment Market in London. It was the first Texas company to go public on the AIM.
https://www.bizjournals.com/houston/stories/2006/03/20/story1.html
tsbs1, I assume your message is for me. If so, I'm not counting on anything, I'm merely speculating. It would be wonderful if FRR can strike a deal now as I agree with you that the nightmare party with backing from Russia will do all they can to hold onto power. I've accepted that my substantial investment in FRR is lost but I'm philosophical and grateful for what I have. Anything to come out of this will be a bonus.
The political dimension to FRR's fate and Zaza's PR campaign on Georgia's media should not be underestimated. Zaza is, in effect, inserting himself in the upcoming election debate backed by political clout from the USA which wishes to see a West leaning government in Georgia (although it will never openly say so). If such a government is elected, Zaza will have some claim, no matter how small, that he raised serious issues on how Georgia has been governed especially policies dealing with foreign investment and the development of Georgia's natural resources and future prosperity. As a Georgian, I expect Zaza has also developed strong political friends in Georgia who may well show their gratitude if they are elected and form the new government. Fingers crossed!
soss, I'm not sure it's a foregone conclusion. Zaza and SN have huge equity stakes in FRR and they will be fighting tooth and nail not to lose their financial investment as well as the time and effort they have expended over the years. FRR shareholders are all in the same boat so we sink or float together.
And another thought, is this consortium still in place following the result of the arbitration? If it is and after the dust has settled, B12 (either whole or sectioned) is open to licence tenders after the election, such a consortium with strong financial backing and expert knowledge of the geology and extraction experience would be in a good position to gain licences (assuming the political environment changed for American companies).
Johnathan, Zaza signed a letter dated 15/04/2019 to GOGC which referred to the Production Sharing Contract and Refinery Study (PSC) entered into on 25/06/1997 by and between FRGC, The Ministry of Fuel and Energy of Georgia and The State Company Georgian Oil, as amended. It said “ Please take this letter as notice pursuant to Article 27 of the PSC that on 13/04/2019, Contactor assigned 100% of its interest in the PSC and the corresponding ownership interest in the Operating Company to Frontera Resources US, LLC, a Texas limited liability company, an Affiliate of Contractor and a wholly-owned subsidiary of Frontera Resources Corporation. Pursuant to Article 27 of the PSC, FRUS hereby declares and guarantees that:
(a) It has the technical and financial ability to perform the obligations to be assumed by it under that PSC;
(b) As to the interest assigned to it, accepts and assumes all of the terms and conditions of the PSC.”
I presume that FRR was unable to provide proof of 'financial ability' by June 2019 and the ongoing law suit and arbitration would not have helped their cause. However, according to the transcript "In the fourth quarter of 2019, we agreed with two other American companies (one company has a market capitalization of 23 billion and the other 20 billion) to build a consortium similar to that in the Caspian Sea, Azerbaijan, where oil and gas will be extracted and began Large-scale extraction of oil and gas in Georgia." If this agreement was in place when the transfer was attempted, it would have helped satisfy the requirements for registration.
PJOHN, I can only conclude that the registration of the transfer was terminated and not completed because no proof was submitted that FRUS has the financial and technical ability to fulfil the obligations under the contract. I also notice that GOGC did not appear to agree with the application. I haven't a clue where this leaves FEGL which is still 50% owned by FRGC and GOGC as the file B19128943 was updated on 18/11/2019. If GOGC are interested in exploiting the oil and gas potential of B12, it would seem sensible to me for GOGC to continue a commercial relationship with FRR as FRR has in depth knowledge of the geology and experience extracting the oil and gas. Unfortunately, I don't feel that any possible partnership will be base on purely commercial considerations because of the geopolitical overtones.
Pt5
Ministry of Justice of Georgia
National Agency of Public Registry
Decision # 819044710/8 (18/06/2019 14:08:10)
On termination of registration proceedings
The application was received by the National Agency of Public Registry B19044710 16/04/2019 17:58:36 (applicant: Giorgi Janiashvili/01025015919/ requested the registration of the entity. Legal Form: Limited Liability Company Identification Code: 204905674
During the period of suspension of the registration proceedings, the information confirming the suspension of the registration proceedings and the document confirming the elimination of the grounds provided for in paragraph 2.1 of the decision/document were not submitted.
Pursuant to Article 22 (b) of the Law of Georgia on the Public Registry, a decision was made to terminate the registration proceedings.
The decision enters into force upon publication.
The decision may be appealed within 30 calendar days after its publication to the Public Registry and the National Agency (Tbilisi, N2, Coastal Street) and only by a further court order.
National Agency of Public Registry Address st. Tbilisi, Sanapiro st. N2 www.reestri.gov.ge
Pt4
Four days after FRR’s letter B19044710/7 was issued on 17/06/19 (below) and it gave a deadline of the same day to submit additional documentation / information. I assume that no further information was submitted as the next day B19044710/8 was issued (Pt5). I have tried to find out if the decision was published in the Public Registry but to no avail and I can find no trace of an appeal if one was made within the 30 day period.
B19044710/7 (17/06/2019 10:37:26) Application #B19044710 16/04/2019 17 58 36 (Applicant Giorgi Janiashvili / 01025015919 /) was received by the National Agency of Public Registry, requesting registration of changes in the subject's registered data.
The grounds for suspension have not been eliminated, in particular the decision of B19044710/5 as the consent of the partner of Frontera Eastern Georgia Ltd. (JSC No. 204905674), JSC Georgian Oil and Gas Corporation (JSC No. 206237491), has not been submitted.
On April 18 and 19, 2019 is represented by "Frontera Eastern Georgia" LTD (JSC Frontera Eastern Georgia" (JSC 204905674) a 50% stake in the owner of the partner JSC "Georgian Oil and Gas Corporation" (JSC) 206237491) Letters (180188/17 and 184042/17), according to which Frontera Risors Georgia Corporation and LTD "Frontera Risors Yu.This. On April 15, 2019, e-mailed a written notification by JSC "Georgian Oil and Gas Corporation" (S/N 206237491) and "Frontera Risors Georgia Corporation" LTD, Frontera Risors Yu.This. e-mails for the transfer of shares. As explained in these letters, the notification was not attached to any documents that confirmed that frontier Risorsiz Yu. E-Mail has a financial and technical opportunity to fulfil the obligations under the contract and Frontera Risorsiz Yu. Ltd. The e-mail agrees to the terms of the contract and fulfil their performance.
Thus, since the written consent of the state is not provided, the National Agency of Public Registry is deprived of the opportunity to investigate whether the party has fulfilled its obligations under the Contract on the Distribution of Products and the Study of the Processing Plant.
Deadline for additional documentation / information submission is 17/06/2019
Pt3
3.5. In the case of Article 53 of the Law of Georgia on Entrepreneurs, the registering body shall make decisions established by the Law of Georgia on Public Registry on the issues determined by this Law.
3.6. The legal and procedural issues of the Register of Entrepreneurs and Non-Entrepreneurial (Non-Commercial) Legal Entities shall be determined by the Registration of “Entrepreneurs and Non-Entrepreneurial (Non-Commercial) Legal Entities” approved by the Order N241 of the Minister of Justice of Georgia of December 31, 2009.
3.7. Pursuant to Article 18 of this Instruction, the Agency shall make a decision on the registration (satisfaction of the request) if there are no grounds for establishing a defect, registration of the production termination or refusal to register.
3.8. In accordance with the above-mentioned rules, the body registering in the decision-making process shall be obliged to make a full, accurate, comprehensive examination of the circumstances of the case and the obligation to make a decision on the basis of their mutual agreement.
4. Conclusion
4.1 As a result of the mutual agreement of the factual circumstances of the case and the requirements of the legislation, the registration body considers that the documents submitted by the interested person do not meet the conditions of registration.
4.2. In order to protect the principle of publicity in the field of public administration, the National Agency of Public Registry,
4.2.1. Stop registration proceedings.
4.2.2. 30 calendar days to eliminate the established defect.
4.2.3. The authorized person shall additionally submit the registration documents of the amendment drawn up and certified in accordance with the rules provided by the legislation.
4.2.4. In the case of failure to provide information confirming the elimination of the information or document, a decision will be made to terminate the registration proceedings.
4.2.5. The fee paid for the service is not subject to refunds in case of making decisions.
4.2.6. The decision shall enter into force upon publication
The decision may be appealed within 30 calendar days after its publication to the Public Registry and the National Agency (Tbilisi, N2, Coastal Street) and only by a further court order.
Pt2
In addition, on April 18 and 19, 2019 is represented by "Frontera Eastern Georgia" LTD (JSC 204905674) a 50% stake in the partner JSC "Georgian Oil and Gas Corporation" (JSC) 206237491) letters (180188/17 and 184042/17), according to which Frontera Risors Georgia Corporation and LTD "Frontera Risors yu." E-Mail (JSC Georgian Oil and Gas Corporation) (JSC 206237491) sent a written notification on April 15, 2019 and "Frontera Risorsi Georgia" LTD "Frontera Risorsiz Yu." e-mails for the transfer of shares. As explained in these letters, the notification was not attached to any documents that confirmed that Frontera Risorsiz Yu. E-Mail has a financial and technical opportunity to fulfil the obligations under the contract and Frontera Risorsiz Yu. Ltd. The e-mail agrees to the terms of the contract and fulfil their performance.
Thus, since written consent by the state is not represented, the 2/2/2 National Agency of NAPR file:///tmp/tomcat8-tomcat8-tmp/1e12bcd4-3282-4873-a27c-e08424c81152.html 2/2 of the Public Registry shall not be deprived of the possibility of whether the party fulfilled the obligations provided for by the agreement on the oil distribution and processing plant study of products. According to the above mention, B19044710 is an amendment to the requested equity participation change (204905674) LTD.
3. Legal justification for issuing an act
3.1. In line with Article 51(2) of the Law of Georgia on Entrepreneurs, the basis for changes in registered data of the enterprise is the basis for changes in the registered person/body of an authorised person/body in the proper manner of the authorised person/body or a transaction compiled by authorised persons in the manner determined by the legislation of Georgia.
3.5. Pursuant to Article 53 of the Law of Georgia on Entrepreneurs, the registering body makes decisions on this issue, defined by the law and its competencies, defined by the Law on the Public Registry.3.2. In accordance with Article 327(1) of the Civil Code of Georgia, "the agreement shall be deemed as concluded if the parties agreed on all its essential terms in the form provided for by law.
In accordance with Article 53 of the same Code Ex, "there is no deal unless any outlandish expression nor any other circumstances can accurately determine the contents of the transaction. 3.3. In accordance with article 5 of the General Administrative Code of Georgia, an administrative body may not have any action against the requirements of the legislation.
3.4. In accordance with Article 96 of the same Code, "an administrative body shall be obliged to investigate all circumstances of the case and make a decision on the basis of the assessment and mutual reconciliation of these circumstances.
Mole, the letter dated 14/06/19 addresses the file B19044710/5 as follows:
Pt1
The decision on the suspension of registration proceedings by the National Agency of Registration (17/05/2019 16:59:10) The National Agency for Registration Proceedings received by the National Agency for Registration proceedings B19044710 16/04/2019 17:58:36 ( applicant: Giorgi Janiashvili/01025015919/), with which the registration of amendments to the registered data of the subject is requested. Legal Form: Limited Liability Company Identification Code: 204905674
1. Established factual circumstances
1.1. Registration of changes in the registered data, namely the change of the partner, by the interested person in the registered data of Frontera Istern Georgia Ltd (S / N 204905674).
1.2. In order to register the change, an additional application is submitted, the documents certifying the registration of Kopan Yi and the \"Frontier Rissors Georgia Corporation\" and the LLC \"Frontera\" Risorsiz U.S. The agreement between El-CC, according to which Frontera International Georgia LLC (204905674) owns a 50% stake, Frontera Research Georgia Corporation has transferred its share to Ltd. \"Frontera Rissoriz U.S. LC \".
1.3. On April 18 and 19, 2019 is represented by 50% of the 50% shareholder of The Frontera Eastern Georgia LTD (JSC 204905674) a share holder of the Partner JSC "Georgian Oil and Gas Corporation" (S/n 206237491) letters (180188/17 and 184042/17), according to which Frontera Risorsiz Georgia Corporation and LTD "Frontera Risors yu." On April 15, 2019, a written notification by JSC "Georgian Oil and Gas Corporation" (S/N 206237491) and "Frontera Risors Georgia Corporation" LTD, Frontera Risorsiz Yu. was e-mailed for the transfer of shares. As explained in these letters, the notification was not attached to any documents that confirmed that Frontera Risorsiz Yu. has a financial and technical opportunity to fulfil the obligations under the contract and Frontera Risorsiz Yu. Ltd. The e-mail agrees to the terms of the contract and fulfil their performance.
2. Legal assessment
2.1. The documentation submitted by Sareg does not comply with the requirements of the current legislation, in particular, in order to register the change, it is additionally presented to Frontera Rissors Georgia Corporation and Frontera Rissoriz Ltd. The agreement between LC, according to which the owner of 50% of the shares of Frontera Eastern Georgia Ltd (S / N 204905674), Frontera Rirsors Georgia Corporation has handed over its share of "Frontera Risorsiz Yu." The contract between "Saksalovano" and Frontera Risors Georgia Corporation, which includes the registration body, shall fulfil the terms and conditions and conditions stipulated in the transfer of all rights and obligations. According to the same contract, the transfer of any rights and obligations by the parties shall be carried out with prior written consent by the State.
Pt5
witness:
Ivatsi Imnadze (born on 13.08.1975, personal account 01008003153, reg. Address:
"Georgia, Tbilisi, Mikheil Tamarashvili Avenue, X 11,
Bitsa 41)
Tsotariu Bachana Shengelia LEPL Civil. Registry. Agency. electronic
The identity of the cleaner is checked through the database, and the ability to
"Authorities and the authenticity of the sticking test were checked online.
By interviewing the applicant. A notarial deed is also checked by a notary.
Identity of disciples with their identity documents,
Their validity has also been verified.
All notarial acts (including witnesses) by Tsotarius
The parties and the witness were notified of the circumstances that precluded the witness
It was stated that there are no circumstances excluding witnessing. Online.
After a visual observation, the witness confirmed the identity of the "applicant"
I further dictated this to the “applicant” in the presence of the signatory and the witness.
T; .
statement
Present, I, Zaza Mamulaishvili, as Frontera International Georgia Ltd.
(204905674) General Director, Frontera International Georgia Ltd (204905674)
I declare on behalf of him that he will participate in the public registry
Requested by the application submitted to the National Agency on 16/04/2019 # 819044710
Registration for change of share participation, in particular: April 13, 2010 Ltd.
50% shareholder of Frontera Istern Georgia "Frontera Research Georgia"
Corporation ”donated its share to Frontera Risors% U.S. El-C ", chapter
An affiliated person; Accordingly, 50% of the shares of Frontera International Georgia Ltd.
The owner must specify “Frontera Risors% U.S. LCD. "
The text of this statement was written by Tsotarius b. Shengelia, who is direct
Read to the applicant in a comic mode. The applicant. Confirmed that statement
The text is fully consistent with its writing and that it is not present in any form when the statement is made
Under the psychological pressure of a physical person and to sign a statement to replace him,
He entrusts the right to “the signatory person, while attending the writing action -
This statement is a copy of the previous three editions.
One of them is kept in the writing archive of Tsotarius Bachana Shengelia of Georgia, and.
“Two will be handed over to the side.
The fee for notarial services is paid in total: 61.00. GEL, of which: 50.00 GEL, agree:
“Article 32 of the Government of Georgia Division, VAT; 9.00 GEL according to Georgia
'Article 169 of the Tax Code, 2.00 GEL in the electronic notarial register.
Fee for registration of action, according to the above-mentioned allocation of the government (29.
December 2011, distribution XM507) Article 39.
Pt4
In his letters, the recipient of the contract is not required to do anything.
Submit such evidence, especially if the recipient is a shareholder.
Affiliated person.
). Given all of the above, since the transfer of shares
Article 27.3 of the contract between the "affiliated persons" was implemented
Accordingly, paragraph 2.I of the decision of the Public Registry is not required
In the last sentence, the “pre-written state” is mentioned
Consent ”or submission of any additional evidence.
I “Lr 1> = - 3>>
Ga ... a little bit
However, the end of the legal assessment of the decision.
The paragraph reads: “Requested by LI 819044710
Ltd. is registered to register the change of share participation
Consent of Frontera International Georgia (SN 204905674). We do not agree
This assessment, as there is no requirement for such consent
Prerequisite in current legislation or contract; Regardless.
At least this is presented by Frontera International Georgia Ltd (S / N)
204905674) consent as well as the above decision
Is required in the paragraph (see Appendix).
T.
Given all of the above, please consider the present.
The statement and the documentation attached to it are indicated in the decision
To eliminate deficiencies, renew the regulatory proceedings and implement them
Requested in the registration records of Frontera International Georgia Ltd.
Make changes.
"Frontera Rissoriz U.S. On behalf of LC:
Janirshvili
On behalf of Frontera Riverside Georgia Corporation:
Ro, “R-% 2
Director
P7N
P8-50 ENG+TRANS+NOT
P51 NEXT
Notary. Individual number of validity:
31560976820119
Georgia
PAGES 51-53
Name of the notarial act.
Through direct electronic communication
Confirmation of the received application
Notarial Number of Registration
N190597640
"Registration date
27.05.2019
Notary: Bachana Shengelia.
Address: st. Tbilisi, 13 Paliashvili Street
Phone: 243 11 46
Information on notarial acts and notarial deeds (its creation, change.
And / or cancellation) you can get notarized Georgian receipts.
On the Chamber's website: VIVIVI.I0 L8 (V.06 You can also call: +995 (32) 2.
661918
Georgia.
notary act.
May 27, two thousand nine hundred and nineteen:
Georgian Tsotarius Bachatsa Shengelia.
Writing bureau located at: st. Tbilisi, %. Paliashvili st. # 13.
I was contacted directly using electronic means of communication
"Applicant". He said he wanted to make Tsotarius conifers online.
Announce and notarize. (Rules for performing written actions
About the instruction - Article 62, paragraph 4).
Applicant:
% Aza Mamulaishvili (born on 08.08.1964, personal registration number 01024002412,
Passport number: 18 / + # 27538, reg. hers. Tbilisi Kkekelishi st. # 5)
Signatory person;
Giorgi Jatsiashvili (born 25.11.1984, personal registration number 01025015919, reg.
hers. Tbilisi M. Tamarashvili Ave. X 13 k b. 15).
Pt3
Proof that "Frontera Riverside Georgia Corporation"
(Transmitter) and “Frontera Risorsiz Jues. They are the recipients of the e-mail
"Affiliates" according to the above definition of the contract,
Here are the following documents (see Appendices): Frontera.
Rorsors Georgia Corporation's Certificate of Shares (Shares)
On ownership, and the company Frontera Rissoriz U.S. E-mail
Addition of C ”to M1. These documents state that.
At the time of concluding the transfer agreement (April 13, 2019)
Frontera Research Corporation is a Frontera company
Riverside Jues. Direct owner of 100% of the shares of LC.
(Shareholder) and the company Frontera Research Georgia Corporation
100% share indirect owner (shareholder), i.e. it. The last
Two companies are "affiliated individuals".
Given the circumstances under which the transfer agreement was entered into
Among "affiliated persons", any factual and legal.
Lacks the basis for financial and technical capabilities.
Request for confirmation documentation. Transfer agreement.
"It is not a legal result of technical support and.
The source of funding (change, as it provides.
The parent company is Frontera Riverside Corporation, which.
It is unchanged. However, there is no doubt that the operating company.
Frontera International Georgia is a non-profit society.
Which is designed and operated solely for the purposes of the contract.
Thus, we conclude that it is unchanged as technical
3
Opportunities as well as a source of funding and there is no such thing
Request and submission of confirmation documents
Obligation / Necessity, as Frontera Riverside Corporation
I. successfully and deliberately carries out the contract until the first day
Investments.
10 As for other corporate statements.
For the corporation on 15.04.2019. Sent to an affiliate
A copy of the notification about the transfer (see Appendix), in which uniquely.
Fixed:
"Please accept this letter as a message.
That (contact | according to Article 27, 2019
On April 13, the contractor. Handed over to the contractor) his.
100% of the shares and in the operating company or Ltd.
In Frontera International Georgia) for its respective share
"Property rights" Frontera Rissoriz U.S. LC
S, which is the limited liability of Texas
Company, Contactor's Affiliated Person (emphasis added)
And 100% of Frontera Resources Corporation.
"A subsidiary.
I contract | According to Article 27, “Frontera Risorsiz
Jues. The LCP is present and warranted
Gives that: (a) He owns the technical and financial
Sh. Ssh, 's Miss Mi Sra; Charged
: And i ss and s
With a section | Sat; Forward; A. Asa.
Promise ”(emphasis added).
S. Thus, “Frontera Rissoriz U.S. For the corporation by LC
The requirements set out in the contract by sending the notice in full.
Satisfied. As for “to confirm the above
"Submission of any documentation," as the corporation put it.
In his letters, the recipient of the contract is not required to do anythi
Pt2
Zheokh / R # .1-6 1 f- # 7409
The National Agency of Public Registry is deprived of the opportunity.
Investigate whether the party complied with the contract or not!
Obligations ”(see paragraph 1 of paragraph 2-1 of Decision 2)
Sentence) (emphasis ours). This is a wrong conclusion, since it is not.
Is based on the provisions of the contract.
In particular, the parties to the transfer agreement “Frontera Rissoriz Jues.
LC (Receiver) and Frontera Riverside Georgia Corporation
(Transmitter) are "affiliated persons" who are represented in the program.
The agreement repeatedly states that the corporation
No claims and no expressions. By the party for his rights and.
Transfer of liabilities to an affiliated person. Regulated
Article 27.3 of the contract, which establishes (see Annex):
2732 The contracting party is excluded from the contract
Based on his rights, obligations V and
Completely or partially other contractor of interests
Transfer to a party or affiliate
?; JSC or pre-oil (a! I)
Without written consent V | emphasis is ours, if.
The contractor will send a message about the transfer of the boiler.
Notification and any such affiliated person: (a).
Possesses technical and financial ability to perform
His contractual obligations; And. (B)
Recognizes and assumes all the provisions of the contract
Provision and condition.
Subsequently, Article 27.10 of the contract sets out (see Appendix):
2710 Any originating from the present contact
Transfer of rights, debts and interests
Must be accompanied by an operating company (ie, Frontera Ltd.)
In "Eastern Georgia") for the equivalent amount
Transfer of right (-.IL
Thus, during the transfer to the "affiliated person" the state
No prior written consent is required. Such consent.
Required during the transfer to a non-affiliated third party,
Which is regulated by Article 27.2 of the contract and which is given.
The case does not apply at all.
The term "affiliated person" is defined in Article 12 of the Contract
As follows (see Appendix):
"Affiliated Company" or "Affiliated Person" means:
A. to the Company in respect of the Contracting Parties
A corporation, partnership, or other legal entity,
In which:
H “Contracting Party? Owns, directly or
Indirect share or vote «right
Fifty percent (50%) or
Otherwise has the right to determine
Governance policy;
At least fifty shares of Pia shares
3 s. Or
Ro! BS, P .;
Indirectly. Share of the "contracting party" or
Fifty percent of the right to vote (50%)
More or less; A
Cross its mm: bit.
Chkhazagmas is ours);
This is the translation of the relevant pages of the 55 page 1474799B19044710 djvu file. In light of recent events I’m not sure if this has any value but having spent time and effort on it, I might as well post it as it involves the transfer of shares in FEGL from FRGC to FRUS. The pages in between these extracts are either Georgian translations of the English text or are statements by a notary confirming the accuracy of the translation. I haven’t edited the translation so any incomprehensible text may be due to the quality of the scanned documents and the ability of the OCR software to recognise it and/or the google translation.
Pt1
PAGES 2-5
June 14, 2019
"The Ministry of Justice of Georgia.
LEPL National Agency of Public Registry
statement
(LEPL National Agency of Public Registry # 819044710/5 Regarding the decision).
LL m / s May 17 LEPL National Agency of Public Registry (hereinafter.
Public Registry) issued Decision # 819044710/5 (hereinafter referred to as the “Register”)
"Decision"), according to which the registration proceedings were suspended.
And the applicant was given 30 days to rectify the defect.
2 It is mentioned in the decision that JSC applied to the public register
Georgian Oil and Gas Corporation (hereinafter.
"Corporation") its! April 18, 2019 And 19.04.2019. M # 180188 / I7 and
184042 / I7 with the letters of the corporation Frontera Rissoriz
Jues. He is against handing over the shares to LC. The reason for this,
As it is clear from the decision, the corporation names the following: (a).
"Frontera Rissoriz U.S. Granted to Corporation by LC.
The message was not accompanied by any documents.
Would confirm that “Frontera Rissoriz U.S. LC has it
Financial and technical feasibility provided by the contract
"To fulfill obligations"; (B) “Frontera Rissoriz U.S. E-mail
The "message" to the corporation was not accompanied by anything
A document confirming that “Frontera Risorsiz Yus.
LC agrees with the interest given to him
Conditions stipulated in the contract and fulfills their fulfillment. "
The corporation uses the above statements in its letters
Contract with the state is the share of the product
On distribution (hereinafter referred to as the 'contract').
F Unfortunately, the public registry shared it without appeal and without verification
The above statements of the corporation by which to some extent it
Was misled. As a result, the public registry was misdiagnosed
In its legal assessment, the following: (a) “According to Contract II,
The parties must transfer all rights and obligations
To be carried out with the prior written consent of the state. "
(See last sentence of paragraph 2.1 of the decision); And, (b) / -7. A
There is no written consent from the state,
Looed, yes it has took much of yesterday to translate 1463984B19044710 and understand what the document is and which parts of the Georgian text are of interest. I also translated 1474799B19044710 and will post the main pages later. Thank you for suggesting that some of the fund could be used for this type of translation but I am happy to make this contribution to our efforts to uncover what is and has happened to FRR. I'll be looking at the other djvu files in due course.