'In this letter, they have confirmed the availability of the first tranche of funding is available within the next week. However, they have sought to change some of the terms of the placement agreement, and some of these are material and requiring due consideration by the Board.'
I don't get it. Does this mean $1m next week is confirmed and/or is contingent on ESI agreeing to the change of terms? Will we get abother ann next week saying the $1m is postponed while consideration of changes continue etc ... ?
Please enlighten me.
'In this letter, they have confirmed the availability of the...
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