SLR was to hold 80% of Thompson Bros so did not include PLAN’s interest.
Situation now is that SLR will hold 100% of Thompson Bros, including PLAN’s interest.
Progressive Planet only have a market cap of around CAD $2.3M and so i don’t think they have capacity to contribute development capital @ 20%.
To pick an example figure, if an exploration campaign was CAD $5M they would need to contribute CAD $1M @ 20% interest in the project. Might be a reason for their interest being included. Question is how is their interest accounted for.
PLAN have other projects they are trying to progress:
SLR was to hold 80% of Thompson Bros so did not include PLAN’s...
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