GPR geopacific resources ltd

Ann: Termination of Sprott Facilities, page-6

  1. 173 Posts.
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    How much did it cost to break this agreement?

    From their financial report:

    At reporting date, the Group held cash and cash equivalents of $67,470,477 (2020: $34,639,855) which
    includes a balance of $16,526,649 held in the Group’s Debt Proceeds Account to fund the termination fee to
    Sprott and a reserve buffer.


    The above statement says $7.6M was released back to GPR, so my assumption is this amount is what's left over of the debt proceeds balance.
 
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