Examples of Chalco in a sentence
Nighthawk committed to perform reclamation services on three other sites within the Indin Lake Gold Property land package which are the responsibility of AANDC, being the Diversified, Chalco Lake, and Spider Lake sites.
The service obligation with respect to the Chalco Lake site was completed during Fiscal 2013 and no further work is required thereon.
In March 2013, the reclamation activities at the Chalco Lake site were completed as the approval of the third-party engineer was obtained.
Thus, the Colomac LOC with respect to the Chalco Lake site was released and the hold restriction on $1.0 million was eliminated.
Upon completion of the reclamation services to the satisfaction of an independent third party engineer, the Colomac LOC’s with respect to each site will be released and the hold restriction on the related Colomac GIC will be eliminated ($3.0 million for the Diversified site, $1.0 million for the Chalco Lake site and $1.0 million for the Spider Lake site).
Upon closing, security in the form of letters of credit totalling $5.0 million ($3.0 million for the Diversified site, $1.0 million for the Chalco Lake site and $1.0 million for the Spider Lake site) were posted in favour of AANDC (collectively, the “Colomac LOC’s”) to secure the obligation to perform the services for each site.
As consideration for the Colomac Gold Project, Nighthawk committed to perform reclamation services on three other sites within the Indin Lake Gold Property land package which are the responsibility of AANDC: the Diversified, Chalco Lake, and Spider Lake sites.
As consideration for the Colomac Gold Project (see Section 2.1 – Acquisitions), Nighthawk committed to perform reclamation services on three other sites within the Indin Lake Gold Property land package which are the responsibility of AANDC, being the Diversified, Chalco Lake, and Spider Lake sites.
As consideration for Colomac, Nighthawk committed to perform reclamation services on three other sites within the Indin Lake Gold Property land package which are the responsibility of AANDC, being the Diversified, Chalco Lake, and Spider Lake sites.
At any time, the Company may terminate the liability relating to this service obligation, but as a consequence would relinquish the related Colomac GIC still held as security against the Colomac LOC’s at that time.In Fiscal 2013, the reclamation activities at the Chalco Lake site were completed and the approval of the third party engineer was obtained.