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Gold/Mining/Energy : Primo Resources - PRI.VSE -- Ignore unavailable to you. Want to Upgrade?

To: tom shelby who wrote (559)4/6/2000 5:45:00 PM
From: trevor holaday  Respond to of 579
 
From speaking with GL the property payments do not fall under the joint venture agreement. The property payments have specific due dates of which Primo has had since before GL was involved. Remember this property was once owned 100% by Primo. It seems like Primo has been doing all the pissing and moaning.

I was previously a Primo shareholder that switched to GL before the rollback and dilution.

Over and out.



To: tom shelby who wrote (559)4/6/2000 7:04:00 PM
From: Leigh McBain  Read Replies (1) | Respond to of 579
 
According to GL, the 30 day notice does NOT apply to the property payments, only to the cash calls for the different phases of the development project. It is their belief that they actually have the capability to reject payment, if they were so inclined. I have been trying to see if I can get a copy of the JV agreement so as to verify that for myself. If I can get it I will post my findings.

Salut,
Leigh McBain


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