Just wondering if this was the Debt Finance which VMS was trying to get to finalise the Wet Screening Plant and the terms were at the time unfavourable for VMS so VMS said ‘f*** ya’ and did the capital raise of $10M instead.
Then Acuity Capital now realised that VMS doesn’t need its money decided to give this facility on more VMS favourable terms after the capital raise, knowing VMS no longer needs them but said hey it’s there if you need it.
Anyhow a great outcome for VMS.
Ann: Acuity Capital Facility and Appendix 2A, page-11
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