LNY 0.00% 0.6¢ laneway resources ltd

Ann: Agreement to move to 100% ownership of the Ashford Project, page-26

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  1. 1,991 Posts.
    lightbulb Created with Sketch. 49
    "At Completion, Renison Coal will be required to make a reimbursement payment of $375,000 to NEC and Renison Coal will assume the ongoing work program and rehabilitation obligations for the tenements."
    "Reimbursement

    Payment made to someone for out-of-pocket expenses has incurred.

    The act or concept of repaying a person or organization for expenses it incurred that rightly belonged to another party."

    Even better, and perhaps this payment tax deductible!
 
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