Ann: Refinancing Loan Facility Executed, page-31

I would like this paragraph cleared up, it’s been bugging me as it comes across as two parts to the key terms. Should be worded with the following after the word sale “as part of or the whole Principal Amount” to the lender.

Guarantors - Bluestone Mines Tasmania Pty Ltd. Paterson Copper Pty Ltd. Nifty Copper Pty Ltd. Maroochydore Copper Pty Ltd. Bluestone Australia Pty Ltd.

Other key terms - The net proceeds from the sale of the Company’s Copper Assets or any capital raising undertaken by the Company during the loan term must be paid to the lender in permanent reduction of the Principal Amount.
Any Guarantor sold by the Company as part of the sale of the Copper Assets will be released from its guarantee on payment of the net proceeds of the sale to the lender

If left as is and sold all of above Guarantors eg. net.$100million, that would go to the lender. Renison tin is included in the above.