The total cost of the acquisition was $2,524,047.
The Company acquired 100% of the shares of Karbonia for upfront cash consideration of €500,000 ($742,367) and by agreeing to pay a
contingent cash consideration component of €1,500,000 upon certain project specific milestones being achieved, including approval of an
amendment of the Debiensko mining concession to extend the start date of commencement of mining operations beyond 2018, and therefore
facilitating Prairie’s forward work program aimed at defining a “bankable” project at Debiensko according to international standards. As at the
acquisition date, the fair value of the contingent consideration was estimated to be €1,200,000 ($1,781,680) based on the probability of meeting
the project milestones and being granted approval to amend the Debiensko mining concession. As at the reporting date, and due to fluctuations
in the foreign exchange rates between the Euro and Australian Dollar, the carrying value of the contingent consideration was estimated to be
$1,783,283 and is disclosed as an other financial liability in note 11. The loss arising from the remeasurement in the carrying value of the
contingent consideration was $1,603 for year. Please refer to note 11 for further disclosure.
Other financial liabilities – cash settlement (note 11) 1,783,283 $
Other financial liabilities – non-cash settlement (note 11) 4,600,746 $
Takže končím diskusi tím, že Praire se zavázala, že zajistí změnu koncese a zahájení těžby až po roce 2018.
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