"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!
LNY Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held