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clock Created with Sketch. 14/11/23
13:06
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Originally posted by jefferies2:
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The cash in hand of $38,000 is correct, but as you say there are the shares in EUR that CLE holds.Cyclone Metals Limited (ASX: CLE) (Cyclone or the Company) previously entered into loan agreements withEuropean Lithium Limited (ASX: EUR) and was advanced funds totaling $2,250,000 (EUR Loans). The Companyadvises that the parties have agreed that the principal amount of $2,250,000 plus accrued interest will beconverted into equity based on a share conversion price of AUD $0.002. All other terms and conditions of theEUR Loans remain unchanged. The parties have agreed . . . " What a joke.
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@jefferies2 What do you make of the EUR securities being utilised as converted notes to raise 1.25M ?
