MRC 0.00% 2.6¢ mineral commodities ltd

Ann: A$4M convertible loan funding facility, page-6

  1. 16,355 Posts.
    lightbulb Created with Sketch. 6941
    Exactly.

    what choice did they have?

    anyway, its a convertible equity arrangement, Au mining is protected having security over MRC assets, which is not ideal, but this would onky become an issue if the company became insolvent.
 
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