But announcement states:"Geko is a party to a Tenements Acquisition Agreement with Golden Eagle Mining Limited ("GEM"), an unlisted company, dated 19th December 2014, whereby GEM is acquiring the project under certain conditions from Geko in return for a royalty."
GEM is acquiring the project under certain conditions.
All BNR may end up is with a royalty agreement which isn't bad return of $6.5m.
Or BNR may end up with the project if GEM fails to acquire the project. Unsure what the trigger is to own or default is either.
But announcement states: "Geko is a party to a Tenements...
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4.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.33M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30422 | 3.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 200000 | 1 |
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