VIL 0.00% 1.6¢ verus investments limited

fausse point flow rates, page-10

  1. 704 Posts.
    They had a plan, then the SPP, why at this stage and not after FP2 or further sucesses - Thats what beats me.

    04.03.2010
    We have had very encouraging interest in what we have discovered, the potential and our overall corporate strategy. This in turn has generated some other very prospective early cash flow generating development opportunities to review and secure if deemed appropriate.
    In addition, we have been presented with several interesting and flexible project financing packages which the board is currently reviewing. These packages may deliver the potential to accelerate our planned growth.

    09.04.2010
    The drawdown facility is subject to completion of satisfactory due diligence of both Verus and Truestone Capital.
    Verus Chairman Andrew McIlwain said the drawdown facility would enhance the Companys financial flexibility.
    This $10 million facility allows us to move forward with our plans at Fausse Point and look to further project involvement and acquisition whilst still giving us the discretion to decide when we issue the shares. Importantly, we can restrict the drawdown amounts and timing to ensure we issue at the highest possible price, thereby minimising shareholder dilution, he said.



 
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