Ann: Beacon Minerals Board Update, page-32

”Beacon Minerals Limited (“Beacon” or the “Company” is pleased to announce that is has received firm commitments to raise $18 million via a debenture issue to professional and sophisticated investors (“Debenture Issue”. The Company is now in the closing stages of finalising relevant transaction documents in relation to a debenture issue.
Directors Graham McGarry and Geoff Greenhill and persons associated with them (“Related Parties” have committed to subscribe for $4.6m of the Debenture Issue.“

this is a bit of a conflict of interest for graham and Geoff...a sure-thing 12% per year for as long as you can string it out is a good deal...
(not sure why the emoji faces appeared in that cut and paste...I didn’t put them in)