Mmmmmm - what is going on with the funding.
ASX Announcement 5 March "EUROPEAN LITHIUM DRAWS AUD$2M FROM EXISTING FACILITY"
ASX Announcement 13 March "HALF YEAR REPORT" - Page 5 Events Subsequent "On 5 March 2020, the Company drew down $2m from the Winance finance facility through the issue of 2,000 convertible notes."
ASX Announcement 30 April "QUARTERLY REPORT" - Page 2 "On 5 March 2020, the Company announced that it had agreed to draw down a further A$2.0m (2,000 convertible notes) under the Winance facility (Tranche 2). As at the date of this announcement, the Company is yet to receive Tranche 2 funding, however the Company advises it is in communication with Winance who have confirmed their commitment to finalizing the transaction."
Cash at end of quarter of AUD58k
Is the AUD8MIL of loan funding actually available? I hope so.
