TGS 0.00% 4.9¢ tiger resources limited

What I understand under the new facility agreement is that if we...

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    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!
 
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