What I understand under the new facility agreement is that if we need more cash than the existing loan of 162.5mn$ tgs can issue the lenders max. 247Mn shares (16.3c/sh) to get cash in advance (good case) or tgs take the other option of capitalizing the interests (worst case bec. of compound interests!).
The 10mn$ extra bridge is a new loan (9.25%) and as I understand not convertible into a shareplacement (atm.).
But lets see if they will give us more details in the quarterly which should come out till this friday.
GLTA & DYOR!
- Forums
- ASX - By Stock
- Ann: Kipoi Operations and Funding Update-TGS.AX
What I understand under the new facility agreement is that if we...
-
-
- There are more pages in this discussion • 186 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)