"Gandel Metals has also provided loan funds to Octagonal totalling $1.3 million that are repayable by 1 December 2015."
and:
"(3) Gandel Metals agrees for Octagonal to repay $1.0 million in loaned funds on 1 December 2015 via the transfer of a number of A1 Gold shares equal to $1.0 million on the basis of the 5 day VWAP up to the trading day immediately prior to transfer (as allowed for in the original loan agreement)."
What would happen if we shareholders reject the offer? Can we repay the loan on the due date?
ORS Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
