There is a statement on page 15 of annual report under heading, "After balance date events" that I'm not real clear on.
It mentions that funding arrangements for a $5 million converterting note facility has been offered subject to final approval with two seperate parties. Both sources of funding expected to be received before the end of October 2008.
Firstly does this removed the risk associated with the Hawkswood repayment?
Will this be dilutive towards current shares on issue?
Any comments appreciated
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