Trio Resources Inc (TRII)

[Anvil]

trio had an agreement to lease old Teck land (stairs property). I forget whether there a small initial cash payment or not, but the lease required Trio to spend an increasing amount of money each year on developing the property. You can look at past trio financials, before they ran out of money and stopped filing, for the information.

But it memory serves me, it was approx. $200k in 2014 and increasing each year thereafter. Trio was in default starting in 2014 and Teck finally voided the lease and kicked trio off the property