Unsecured loan: Hebang will also provide an unsecured loan of the Tranche 2 placement proceedspending shareholder approval and any other required regulatory approvals for the Tranche 2placement. Repayment of principal and interest upon the earlier of either the completion of Tranche 2 placement or 12 months
The uncertainty is finally cleared up! It's not a convertible loan or a secured loan, and that's a big relief!
Funds from the Placement will be used for progressing the Yellow Phosphate study work,Lithium Ferro Phosphate study work
LFP isn't going anywhere; it's firmly on the agenda!
This is a win! Well played, AEV Board !
Ann: Strategic Investment from Sichuan Hebang Biotechnology, page-3
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