SQUAWK/NEWS
Account
Theme
Account
Menu
Live News EQUITY FLASH L impact

Rockport Capital Corp. Amends Earn-In Obligations on NAM JV

Rockport Capital Corp. has amended its earn-in terms for the NAM joint venture. Under the new terms, if Rockport does not elect an additional 20% earn-in within 120 days, the parties will proceed to a 50/50 JV without the requirement of a $10,000 cash payment, 250,000 share issuance, or a $750,000 spend. The initial earn-in terms remain unchanged.

R.P