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Replies to post #5257 on Phoenix Rising Companies Inc (PRCX)
DaReal
08/25/20 8:44 AM
#5258 RE: maent #5257
The Parties recognize that the remaining 51% of The Mine is owned by Zhengzhou Yuzhong Coal Industry Co., Ltd. (a State-owned enterprise). Nevertheless, Seller warrants that by contractual right Wandi is entitled to 100% of the performance, in any form whatsoever, derived from the operation of The Mine, and that such contractual rights will continue to be in legal force and effect following the contemplated acquisition, without the need for further approval by Zhengzhou Yuzhong Coal Industry Co., Ltd.or any PRC or CCR agency.