Approved - congrats to all.
HOWEVER - what are the terms of the funding??. Announcing approval without covering the terms of the debt, interest and Gemcorp’s right to free cash margins is poor. Shareholders and the market have not been notified nor are they informed of the Funding Terms.
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- Ann: Gemcorp Investment Committee approves US$20m debt facility
Ann: Gemcorp Investment Committee approves US$20m debt facility, page-4
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