• Following completion of the Second Subscription, Ivanhoe thereafter has the option to increase its shareholding in Renergen up to 55%, by electing to provide equity funding of up to US$250,000,000 at a market-related price (10% discount to 30-day VWAP) for further development and up-scaling of the Virginia Gas Project
So the 250 Mil isn't guaranteed it seems, is this a common type of agreement?
Ann: FUNDING FOR PHASE 2 HELIUM/LNG DEVELOPMENT, page-3
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