VRX 0.00% 3.6¢ vrx silica limited

Ann: Muchea Mining Lease Application, page-12

  1. 1,275 Posts.
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    The company is going to need funding. A possible solution:-


    1. A consortium of HC members + others form a trust. Say 200 identities.

    2. Each identity contributes $50K to the trust.

    3. 200 x $50K = $10M

    4. Trust takes security over all company assets + gets personal guarantees from all directors

    5. Trust provides interest only loan, $10m for 5 years at 11.5% p.a. Interest paid monthly in arrears.

    6. VRX refinances loan or pays out loan at end of 5 years

    7. VRX offers trust members performance options at a favourable incentive price. (feedback required on this)

    8. Few other loose ends to tie up but the outcome would certainly get VRX off and running, infrastructure built, staff hired & mining equipment purchased / leased.


    Any thoughts? or am I dreaming? (Please be civil)


    Last edited by Paydirt7: 18/01/19
 
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