dailynewsnblog
The purchase price for the Purchased Assets is C$255,000, payable in cash by the Company to the Vendor at closing. Upon closing, the Company will assume only those obligations that, as a matter of applicable law must accompany the Permit including an annual rental rate of approximately $43,219 during Permit years one through five and approximately $108,047 during Permit years six through eight, and a work commitment of approximately $9.81 million over the next eight years, commencing July 14, 2026. Except for such assumed obligations, the Company will not assume any liabilities of the Vendor.
