FR EA

Extract to table

Pull the structured facts out of a document: parties, dates, amounts, obligations.

Extract to table / dd-memo-material-contracts-mining-rights.docx
dd-memo-material-contracts-mining-rights.docx · 1039-00002

Parties

HARKNESS LLP
Torchlight Mining Corp
Wolverine Lake Mining Ltd
Processing Inc
Sterling Securities Inc
Redwood Capital Markets LLC
Whitfield LLP
Pendleton Ross LLP

Dates

February 16, 2022
February 28, 2022
April 19, 2022
April 5, 2022
June 14, 2021
February 15, 2022
August 12, 2018
January 10, 2020
March 5, 2019
September 22, 2018

Amounts

$300,000,000 8.750
$300,000,000
$140,000,000
$10,000,000
$25,000,000
$15,000,000
$115.00
$0.55
$120.00
$0.58

Obligations

A payoff letter must be obtained from Ridgeline Bank of Canada, and lien discharge filings under the PPSA must be coordinated
Accordingly, the Ridgeline Facility must be repaid in full and terminated contemporaneously with or immediately prior to the closing of the Offering
The section further provides that any purported assignment in violation of this provision shall be null and void
3 provides that a "Change of Control" of WLML (defined as the acquisition by any person other than TMC of more than 50% of the voting shares of WLML, or the sale of all or substantially all of the assets of WLML) shall entitle Sumitake to terminate the agreement upon 90 days' written notice
1 of the Glenborough Agreement restricts assignment by either party without the prior written consent of the other party, which consent shall not be unreasonably withheld
2 provides that a "Change of Control" (defined as any transaction or series of transactions resulting in a change in the direct or indirect controlling ownership of WLML) shall require WLML to provide written notice to PPS within 30 days, and PPS shall have the right to terminate the agreement upon 180 days' notice following receipt of such notification