One next announcement I expect soon is in relation to the recent asset sale. Soon we will own a massive portion of shares in the highly illiquid Westminster Resources. Half the price in cash would have been better IMO but I guess issuing 300M shares to PAC Partners on the cheap again is another option...
A lump sum of USD $150,000 is payable by WMR to Latin on the signing of the Sale Agreement, so at least the is something.
https://web.tmxmoney.com/charting.php?qm_page=74697&qm_symbol=WMR
This from the announcement, which was about 30 days ago:
The binding agreement, which is subject to regulatory approvals and due diligence, will entitle Westminster to 100% ownership of a total of 44 concessions, including the Ilo Norte and Ilo Este projects, spread over 36,000 hectares ("Projects") held by Latin’s 100% owned subsidiary, Peruvian Latin Resources SAC. Westminster will have a period of 30 days to complete its due diligence and execute a formal sale agreement with Latin to more properly record the terms of the transaction ("Sale Agreement")".
Ann: Results of Meeting, page-5
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