“We believe we can raise more money in the Middle East than we can in Canada. So that’s why we just decided to move on,” Bos said.
The London, U.K.-based executive, who spent eight years with Ivanhoe Mines (TSX: IVN) including a stint as EVP Africa advancing its Kamoa-Kakula copper mine, says “more than several” companies have contacted Falcon to ask questions about its redomiciling experience.
SRG decided to make the move after it became clear that a C$16.9-million financing that would have given China’s Carbon ONE New Energy Group (C-One) a 19.4% stake in the company wouldn’t necessarily receive a timely approval. The deal was originally announced in June 2023.
Foreign investment scrutiny
Under the Investment Canada Act, a federal national security review can take up to 200 days.
“In the end, the minister has discretion on what they approve of and what they want to keep reviewing.” Bos said. “But…
