April 2018
"The $5m Placement funds raised will be used by the Company to contribute to theconstruction of the fully licensed medical cannabis production and cultivation facilityin Malta, in accordance with the contract awarded to MXC by the MalteseGovernment as detailed in today’s announcement, and general working capital.
Following completion of the Placement, the Company will be in a very strong financialposition, with approximately $12m cash at bank"
You campers will have to decide the definition of "contribute".
12m cash at bank, now 7m... I guess that 5m wont be "contributing".
If only it said 'used by the company to complete construction' of...
Time for a beer.
Ann: December Quarterly Activity and Cashflow Report, page-18
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