based on below, the financing legals etc have to be done by the end of next month - i imagine that is one reason why TGX is selling assets for cash right now as it pays the lawyers for all this work. anyway, the deal is still subject to the issuance of permits, but that appears not to be on the same timeline so it too will have to stay on hold for a final until after these elections imo. But as stated, the deadline applies only to implementing the terms:
True North and GMS will develop a mutually agreeable construction plan, timeline and budget that will provide sufficient detail at the full feasibility level to facilitate final schedules, layouts, equipment procurement and definitive capital cost allocations based on this agreement. This LOI is binding but conditional upon the finalization of the option and shareholders agreement by March 1, 2013, receipt of requisite regulatory approval, and the granting of the exploitation permit.