VTX 2.50% 7.8¢ vertex minerals limited

Ann: Term Sheet for US$10M Prepayment Facility, page-34

  1. 384 Posts.
    lightbulb Created with Sketch. 31
    I'm confused by this too. The loan is for "up to US$10m" so they might require less for the project. It is not clear what the 20,000oz of gold are for. The usual board practice of treating shareholders like mushrooms.
 
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