" In late November, Galaxy announced that the final tenement...

" In late November, Galaxy announced that the final tenement transfer deeds relating to the sale of the northern tenement package had been executed with POSCO. Registration of the Catamarca tenement transfers with the Catamarca Mining Court was completed on 28 December 2018. The Salta tenements transfer registration process has started and the relevant public deeds lodged with the Mining Court for registration. Registration has not yet been finalized and the Salta court is closed for all of January 2019, so February 2019 is targeted for final registration of the Salta tenement transfers. This is the final condition to release the consideration of US$280 million (less withholding tax of approximately US$8 million) from the escrow account held with HSBC. In the meantime, Galaxy is entitled to the interest accruing on the funds on deposit in the HSBC escrow account."

-I am not an accountant, can GXY claim $8m withholding tax without completing the transaction 100%. ?my line of thoughts is that once transfer is completed, money goes ($280-$8m =$272m) to GXY less withholding tax, then only then that GXY can claim this $8m as tax deduction.