Seems OK to me unless I'm missing something?
" 3D Resources Limited (The Company) is pleased to announce that Haiti Gold Aust Pty. Ltd. (a wholly
owned subsidiary of the Company) (HGA) has executed a new acquisition agreement that subject
to completion of conditions precedent secures the Company’s gold projects in Haiti. Completion of
the acquisition will provide the Company with the control it needs to manage the technical and
commercial aspects of project development. Under the agreement, Sono Global Holdings Inc (SGH)
and Resource General Corporation Inc (RGC) (the vendors under the new acquisition agreement and
also the Company’s former Haitian partners) will receive a 25% Net Profit Interest, thereby providing
much the same level of financial return to the Haitian partners and the Company, but leaving the
Company with effective control of the projects.
The new acquisition agreement is subject to conditions precedent including approval by the Bureau
des Mines Et L’Energie in Haiti and restructuring of a debt facility relating to the projects, with
conditions presently requiring satisfaction by 31 October 2019.
DDD Price at posting:
0.3¢ Sentiment: None Disclosure: Held
