Examples of Mining Assets in a sentence
This process was performed in accordance with recent accounting pronouncements relating to "Mining Assets and Business Combinations" (CICA Emerging Issues Committee Abstract 152).
The Company also evaluates the carrying value of acquired mineral property rights in accordance with ASC Topic 930-360-35-1, Mining Assets: Impairment and Business Combinations, using the Value Beyond Proven and Probable (VBPP) method.
According to the JV Agreement, YTPAH and BMT severally owned 50% interests of the Mining Assets.
As consideration for the Mining Assets, all shareholders’ of the Company as of the March 1, 2018 (the “Record Date” for the Arrangement), received 340,570,263 common shares in Global Blockchain Mining on a one-for-one basis.
Each of YTPAH and BMT is entitled to 50% of the output from the operation of the Mining Assets and is responsible for 50% of the expenses incurred.