The Glossary of Terms -- Does not have a Definition for Trades Creditors..
Yet the Issuing of shares is to pay for Trade Creditors (over the value of $10,000 to a Total of $1million.
The worrying sentence being --- However, the Company has NOT yet formalised
any agreements with Trade Creditors in this regard.
The companies track record of allocating funds/Shares -- to the Nominated specific areas raised for --- has been a bit iffy.
The proceeds of the Sale of Kat Gap for 7million --- was for--
H
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Where did the One Million in Trade Creditors suddenly come from???
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Mkt cap ! $3.017M | |||
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