NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Message: Loans and shares

From the financials:

On November 27, 2019, the Company entered into an eighth amending agreement with RCF to extend the terms of its existing US$15.0 million loan. The maturity date was extended to December 31, 2019. All other terms and conditions of the Convertible Loan remain the same. The Company is currently in the process of negotiating a longer-term extension with RCF that is envisioned to be completed prior to the termination date of this extension.

At the current share price of .15, this would translate to about 130,000,000 shares (assuming 1.3 US to CDN)....not including current interest.

The Company has a USD $32.8 million loan facility, including interest with Franco-Nevada Corporation (“Franco”) due on April 28, 2020. 

At the current share price of .15, this would translate to about 285,000,000 shares...not including interest

So, potentially....that's an additional 415,000,000 shares....and that's assuming they could hold this at .15

The extensions over the last two months have not faired well....will this be any different?  Insanity.

New Message
Please login to post a reply