Ann: ORINOCO RAISES $12.1 MILLION IN SUCCESSFUL SHARE PLACEMENT, page-78

"Not sure I'm reading this right but is the debt to CRH now fully paid?"

No the Gold Stream loan still stands (read the latest quarterly cash flow report, extract below)

"The Company entered into a gold stream financing arrangement in May 2015, and subsequent variations on 9 December 2016* under which Cartesian Royalty Holdings ("CRH") provided US$8 million in return for an entitlement to receive 20% of the gold produced during the first three years of commercial production from Cascavel, subject to a minimum quantity of 17,600 ounces of gold and a maximum quantity of 26,400 ounces of gold to be delivered to CRH. No interest is payable and the facility is secured over the Company’s interest in the Cascavel Project and the assets of the Project

So at today's gold price that is debt of A$46.2 million that you would need to include when you are assessing the prospects of this company and when you calculate its enterprise value.

And they didn't raise $12.1 million they raised $8.5 million, the remaining shares and options issued were in lieu of a payment under an agreement which we've already been told would be completed using monies raised in the Sept 2017 raising.

Shareholders are also still being left in the dark over the Anglo Faina goldfield exploration JV.

We were told on 6 Sept last year that "the general terms of this MOU remain in place". The company is not disclosing what has happened to that agreement and whether or not the general terms of the MOU still remain in place. Shareholders and investors are just left to guess at whether or not Anglo still have rights to 70% of this project. Not acceptable IMO. Esh

From the 6 Sept 2017 raising announcement.

The general terms of this MOU (refer ASX announcement – 07 February 2017) remain in place, with the following amendments:

• • AngloGold provided A$3.0M on 31 August 2017 as a pre-payment against the three year Earn-in Agreement commitment of US$9.5M to fund exploration on the Faina Project;
• • AngloGold will remain committed to spend the revised amount of US$9.5M less the A$3.0M pre-payment (i.e. at a 0.78 AUD:USD conversion rate the deduction would be US$2.34M) leaving the amended exploration spend required to complete the 70% exploration earn-in at US$7.16M; and
• • In light of AngloGold completing the early payment of A$3.0M, Orinoco agrees that any annual staged spending milestones will be removed and the only obligation of AngloGold is to complete the amended total exploration spend (i.e. US$7.16M as noted above) by the end of 36 months from the date of the formal execution of the Earn-in Agreement.