"Glencore have offered Galan a finance pre-payment facility of US$70-100m, subject to conditions precedent being met."
Also non dilutionary.
Finance can come in many shapes and sizes. I think pre-payment under the right conditions is the best sort of finance a management team can secure for holders if it means the project progresses and holders maintain their equity stakes.
Ann: Investor Presentation - Bell Potter Unearthed Conference, page-78
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