AAU 25.0% 0.3¢ antilles gold limited

Ann: Antilles Gold to Raise $2.0 million for Activities in Cuba, page-52

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    I'm not so much against the con note portion. It likely won't be drawn down until Q2 next year so we won't pay interest on the money until then.

    Given the CR costs usually come in at around 6-9% of funds raised, paying 8% interest is more or less the same in terms of costs to get the funds, but at least we don''t have the dilution this way (assuming it is payed back in cash with the proceeds from the legal claim and not converted).

    What will be more interesting is the terms of the funding arrangements for both the 2023/24 larger exploration drilling programs - and the LD development.
 
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