VMC 0.00% 5.5¢ venus metals corporation limited

Ann: Trading Halt, page-17

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  1. 850 Posts.
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    mOngy mentioned a good deal . "Matty cut us a good deal.Rox does the heavy lifting and Venus is free carried until production."well here it is .
    Joint Venture costs are then to be contributed in proportion to ownership, although if VMC elects it can require
    Rox to fund its 30%of costs by way of a JV loan secured over VMC’s interests in the Joint Venture.
    MY take is Venus won't need to dilute it's shares to fund its contribution for development , VMC currently has around 150 mil shares and when Youanme is producing they could still have only 150 milion shares on issue for there 30% of the business , it's there choice .
 
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