GLN 0.00% 16.5¢ galan lithium limited

Ann: Offtake Prepayment MOU, page-31

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  1. 317 Posts.
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    "Prepayment" does not incur interest, otherwise it would have been called a "loan". What the counterparty gets in return are Offtake rights + First ranking security interest over lithium inventory and HMW project.
    https://hotcopper.com.au/data/attachments/6411/6411685-8e6525046646e271291acaecff7e4c68.jpg
 
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