Labrador Iron Mines Holdings Ltd (LBRMF)

[The Philosopher]

Here's the excerpt from the november 2022 financial statement / report I am refering to :

"Under the Investment Agreement and the related Asset Acquisition Agreement, the closing Outside Date was initially
agreed as August 31, 2022, and subsequently was extended to September 14, 2022. The proposed transactions
were not completed by Scully by the agreed Outside Date of September 14, 2022 or by the date of this News
Release. Scully has sought modifications to the agreed terms of the Investment Agreement and to the form of the
related Investor Rights Agreement, which modifications have not been agreed to by the Company. The Investment
Agreement may be terminated by notice given by either Party as the Asset Acquisition had not been completed by
the Outside Date.
If Scully does not complete the investment, the Investment Agreement will be terminated and the proposed"
transactions with Scully will not take place. The Company is exploring various financing alternatives, including a
potential private placement of equity.