To submit a binding offer, DNA Gold requires as its principal requisites a customary 60 (sixty) to 90 (ninety) days due diligence exclusivity period, including, but not limited to:
- Completion of a site visit and access to site management.
- Review of complete financial and geological models and technical studies.
- Review of all material mineral and other real property rights, titles and interests.
- Review of all material contracts and permits, licenses and other regulatory authorizations.
- Review of employment contracts vis-à-vis on-the-ground management personnel and other employees.
- Review of any contingent, pending, or ongoing legal matters.
- A review of all other documents or information that are material to the Seller and its operations. Should the 90 (ninety) days exclusivity expire due to unforeseen circumstances or delays DNA Gold will have the opportunity to extend its exclusivity a further 30 (thirty) to 45 (forty-five) days to complete its diligence.