PAW - Pacific Wildcat Resources Corp Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : PAW - Pacific Wildcat Resources Corp

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

longz

To: Rocket Red who wrote (3261)	9/29/2018 7:28:59 PM
From: philv	1 Recommendation Read Replies (1) of 3422

I saw that. Some money has been paid, but still over a billion owing. I think Venezuela has other priorities right now. <g> SETTLEMENT AGREEMENT As of August 31, 2018 Venezuela had deposited approximately $187.5 million to the Trust Account. Of this amount, approximately $150.2 million has been transferred to the Company’s bank account outside of Venezuela with the balance of approximately $37.3 million remaining in the Trust Account. Also in August 2018, the Company received Venezuelan government bonds, which are exempt from U.S. Sanctions pursuant to Department of Treasury General License No. 3 issued by the Office of Foreign Asset Control (“OFAC”), with a market value of approximately $88.5 million as payment of the December 2017 and January and February 2018 monthly installments due under the Settlement Agreement. The monthly payments pursuant to the Settlement Agreement from March through August 2018 totaling approximately $177 million remain unpaid. But it's a start!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next