This is a typical Tunks style aquisition. Not large cash . . shares and small numbers that pay off later. Perfect
The consideration for the acquisition comprises: • An initial payment on completion of CAD$50,000 and CAD$50,000 in MEI Shares, calculated on the 10-day VWAP of MEI’s Shares prior to completion and a 2% net smelter royalty; • Three additional payments, on the 1st, 2nd and 3rd anniversaries of completion, of CAD$30,000 and CAD$30,000 in MEI Shares, calculated on the 10-day VWAP of MEI’s Shares prior to each anniversary (Milestone Payments); and • Introduction fees of CAD$5,000 and 1,000,000 MEI Shares
MEI Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
