VAN
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0.00% 4.7¢ vango mining limited

What funding mechanism is possible, for Vango to recover from an...

  1. PulpCutter
    1,220 Posts.
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    01/08/22
    12:46
    Post #: 62853631
    What funding mechanism is possible, for Vango to recover from an award to Zuleika?

    Collins Street got a first claim on Vango's assets, as a condition of their loan. "7. To secure the funds advanced under the convertible notes, the Company must grant the CSVF a first ranking security over assets of the Company." https://hotcopper.com.au/threads/ann-vango-secures-10m-via-new-strategic-investor.6673958/

    Who's going to loan Vango more money, given that CSVF would be first in line if Vango goes under?

    Can Vango issue more shares and, if so, at what price?


    VAN Price at posting: 4.7¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch. 1  Great analysis
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