$3.8m from sale plus:Cervantes Corporation Ltd (ASX: CVS)(Cervantes) acknowledges the receipt on the 7th June 2019 of a request for repayment of a loan created and approved on 9th August of 2018 by a Joint Meeting of the boards of Global Vanadium Limited (ASX:GLV) and Cervantes, details of the $900,000 unsecured, interest free loan were released to the market in detail by both GLV and CVS 9th August 2018, and in all subsequent quarterly reports. The request for payment is in accordance with the loan terms as it currently stand and now sets the repayment of the $900,000 date as the 8th June 2021. The repayment date of the loan was determined as being 2 years from the request for repayment which has now been implemented as a result of Cervantes alerting GLV to that clause, and no interim payments are required unless Cervantes voluntarily elects to do so in accordance with the agreement.
So $4.7m on it's way in.
MC just $6.2m with acquisitions in the pipeline
$3.8m from sale plus:Cervantes Corporation Ltd (ASX:...
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