Acquisition Terms. The Shares shall be One Hundred Shares (100) shares of the issued and outstanding common stock of Subsidiary which shall be signed over in blank to Inland together with any legalities required for legal transfer.
Acquisition Terms. The terms and related agreements relating to the acquisition and purchase of the Land, all as set forth on Exhibit "A" hereto.
Acquisition Terms. 1 1.02 Act................................................................1 1.03.
Acquisition Terms. Pursuant to an agreement with (a) Santa Fe Pacific Railway Company, which owns the mineral rights; and (b) a subsidiary of Newmont Corporation, which holds a lease over the mineral rights, New World has agreed to purchase a 100% interest in the mineral rights that cover a total of approximately 1,000 acres (Private Blocks A and B; see above and Figure 1). Consideration payable is:
Acquisition Terms. The Company, Westoz Lithium and the current shareholders of Westoz Lithium, Xxxx Xxxxx and Xxxxx Xxxxxxx (Vendors) have executed the Acquisition Agreement to acquire 100% of the issued capital of Westoz Lithium from the Vendors. The Vendors are unrelated third parties of the Company. In aggregate, the Vendors will receive A$740,000 for the Acquisition. On completion of the Acquisition Agreement (Completion), and subject to the Company receiving shareholder approval at its upcoming annual general meeting on 31 May 2022, the Vendors will be issued a total of 24,000,000 Shares, with an issue price of $0.025 per Share and aggregate value of A$600,000. Furthermore, within 5 Business Days of Completion, in order to clear outstanding shareholder loans owed by Westoz Lithium to the Vendors (Shareholder Loans), the Company will pay the sum of A$90,000 to Xxxx Xxxxx and A$50,000 to Xxxxx Xxxxxxx. Westoz Lithium and the Company will be released from any liability or claims in relation to the Shareholder Loans once the abovementioned payments are made to Xxxx Xxxxx and Xxxxx Xxxxxxx by the Company. Completion of the Acquisition Agreement is subject to the following conditions (Conditions): • (Due Diligence): The Company notifying the Vendors that the Company has satisfactorily competed due diligence on Westoz Lithium and the Acquisition Projects, including technical, financial and legal due diligence; and • (Approvals): the Company obtaining any shareholder, regulatory and stock exchange approvals required under the ASX Listing Rules and the Corporations Act (as applicable), in relation to the Acquisition, including in relation to any debt or equity fundraising activities. The other terms of the Acquisition Agreement, including in relation to pre-Completion activities, warranties, indemnities, confidentiality and termination are considered customary for an agreement of this nature. Although the Acquisition Agreement has been executed, there is no guarantee that the Conditions will be satisfied. If the Conditions are satisfied, it is expected that Completion will occur in the second quarter 2022.
Acquisition Terms. The Binding Term Sheet with STB Minerals LLC outlines the terms of an 8-year option to purchase the 51% mineral interest. Key terms of the term sheet are outlined below.
Acquisition Terms. The interest in the Pinjin Gold Project to be acquired from Newmont comprises of: 80% interest in the Kirgella Joint Venture (71km2) 90% interest in the Xxxx Xxxxxxx Joint Venture (34km2) 100% interest in some surrounding tenements (172km2) Renaissance Minerals will make an upfront cash payment of $200,000 and issue approximately 1,500,000 fully paid ordinary shares to Newmont. The shares will be subject to a 12 month escrow period. In addition, Renaissance Minerals will be required to make a cash payment of $1 million to Newmont upon establishment of a JORC resource of at least 0.5 million ounces of gold and a further cash payment of $1 million upon establishment of a JORC resource of at least 1.0 million ounces of gold. The Board of Renaissance is extremely pleased to have reached agreement to acquire this highly prospective ground and looks forward to shortly announcing the commencement of drilling to follow up Newmont’s initial success. The Board also welcomes Newmont as a shareholder of Renaissance. The project has substantial discovery potential and compliments Renaissance’s existing extensive Eastern Goldfields tenement package. Detailed information on all of Renaissance Minerals projects can be found on the Company’s website at xxx.xxxxxxxxxxxxxxxxxxx.xxx.xx. Yours faithfully
Acquisition Terms. Under the SPA Midas has agreed to:
Acquisition Terms. Based on the information currently known to the ----------------- Parties, it is proposed that the structure for the acquisition of the Shares, the Transaction consideration and related terms and conditions will be in accordance with the Memorandum of Terms attached as Exhibit "B" hereto and incorporated herein by this reference.
Acquisition Terms i. $6,000,000 paid in voting Common Stock of Nutriband at a value of the average price of the previous 90 days at the date of Closing.
