Ann: $6m Funding Agreement For The Sale of Kanmantoo Royalty, page-48

I think it's not a bad deal if you cannot get cash. A gold miner I have to get the Mill built did a debenture for $18m at 18% interest to the holders. They paid it back in 2 years and are now making revenue of $72m and self funding Capex for mor kit to get to 50,000 ounces a year. Not massive but nothing to be sneezed at.

If HGO can get the mine cranking and then start the mill up for $6m this could be a great deal for all and then lead to a better funding model in the long term.

I would just like a bit more detail to make an inform decision but with rates rising, funding cost rising I think it would appear to be a smart move. DYOR