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  Platinex Financings Fancamp will have the right and option (the "Option") to increase its ownership interest in Goldco to own up to 50%, which may be exercised over a two-year period commencing on the date of approval of a Phase II Exploration Program by making staged cash payments to Goldco in the aggregate amount of C$1,500,000 to be used for exploration activities of Goldco If Fancamp exercises the Option in full and acquires 50% of the issued and outstanding shares in Goldco, Fancamp will assume the role of Operator of Goldco In addition, on the Closing Date, Fancamp shall have the right to nominate one director to the board of directors of Platinex, which right shall remain subject to Fancamp holding not less than 7.5% of the issued and outstanding shares of Platinex, calculated on a non-diluted basis.

  “Here’s the headline, folks : Hard work pays off. When we apply fiscal discipline, invest in ourselves and our people and our places, and we put ourselves on stable financial footing , that’s when the magic happens,” Lightfoot said. “Because we can afford to make those investments that are necessary to uplift our young people, solve the social ills that have plagued us for way too long, and keep our economy going. But it starts with getting our fiscal house in order, and I’m here today to tell you that’s exactly what we have done.” Though the city has made real strides to shore up its finances under Lightfoot, its fiscal health remains precarious. Her 2023 budget forecast projects a roughly $475 million deficit in 2024 and $550 million the following year. While the city continues to emerge from the pandemic, its economic impact on tourism, conventions, the CTA and downtown lingers in vacant storefronts and unreliable and often dirty trains. Massive pension payments remain a cont...