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2.80% 55.0¢ argent biopharma limited

Ann: September Quarterly Activity and Cashflow Report, page-9

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  1. Sparkz918
    1,049 Posts.
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    26/10/18
    12:10
    Post #: 36272433
    Under footnote 1, it states" Consideration to MXC for the sale of 100% of MGC Derma to CannaGlobal is 12.5m in CannaGlobal equity, a 2.5m loan repayable to MXC in CannaGlobal equity"


    Can someone explain the 2.5m loan in this instance?


    Does it mean MXC will provide a 2.5 millions loan (as cash) to CannaGlobal, and Cannaglobal will repay the loan with its "equity"?


    So that 1 million dollars instalment is actually MXC money that was loaned to CannaGlobal?!  Please correct me if I am wrong


    AIMO DYOR



    MXC Price at posting: 5.7¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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