Ann: Finance Facilities Update, page-2

Some more good news from VXL. Pleasing to see this USD$20m facility is not contingent on the last CR and can be fully drawn after completion of DD.
Also company has stated the $20m is structured as a standalone funding to be supported by production revenues. I read this as meaning VXL has sufficient existing funding in place to ensure working capital and capex fully funded through to full production from P2, and the replacement USD$75m facility will finance capex for P3 plus WC for P3 without recourse to further equity from shareholders.