VAN 0.00% 4.7¢ vango mining limited

KoriSuch volume. But I think in your rush you are a little...

  1. 71 Posts.
    lightbulb Created with Sketch. 4
    Kori
    Such volume. But I think in your rush you are a little confused.
    2 ORD directors are shareholders of A-Dig but not directors of A-dig, and therefore may benefit from the loan given that:

    In regard to the $1.2 million loan (referencing points in the release):
    Point 5. Interest of 15% pa
    Point 7 (a) Drawdown fee of 4.4% of the amount drawn (up to $53k)
    Point 7 (b) Grant to A-Dig of 40 million options at an exercise price of .008.

    So - I don't have a particular issue with the loan but your right I don't think the takeover makes much sense either for DAU Shareholders.
 
watchlist Created with Sketch. Add VAN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.