CTO 0.00% 0.4¢ citigold corporation limited

funding

  1. gmt
    8,074 Posts.
    lightbulb Created with Sketch. 137
    It would seem ELM's commitment to supporting CTO does NOT extend to providing the funds as specified under the agreement.


    Event/Tranche Dates

    Execute Bond Subscription Agreement 8 April 2013 ....PASS

    Tranche 1 - $3 million 16 April 2013 .................PASS

    Shareholders meeting 8 July 2013......................PASS

    Tranche 2 - $7 million Conditions Precedent date
    +5 Business days..............................DELAYED PASS

    Tranche 3 - $15 million 8 October 2013................FAILED

    Tranche 4 - $15 million 8 January 2014................FAILED

    Tranche 5 - $15 million 8 April 2014..................FAIL ?

    Tranche 6 - $15 million 8 July 2014...................?????

    Tranche 7 - $15 million 8 October 2014................?????

    Tranche 8 - $15 million 8 January 2015................?????
 
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