This is what DILUTION IS TO LTSH and DING is getting well rewarded also lost to S H on the failure of SDL and ANS projects that took 3 years with a court ending....lol
Midwest Resource Finance Group Ltd (Midwest), an entity controlled by the Company’s Chairman
Mr Ding, has been providing unsecured working capital loans to the Company since January 2021. At
present, the principal amount outstanding is approximately $2.2 million. Interest accrues on these
loans at an annual rate that is currently set at 2.65%. It is calculated at the end of each calendar
month but is payable annually in arrears. The loans are repayable on 18 January 2023. Whilst the
loans are repayable on 18 January 2023, it is anticipated they will be converted to equity before that
date at the pre-agreed rate of 1.3cents per share. Any debt for equity exchange will be subject to
compliance with applicable laws.
This is what DILUTION IS TO LTSH and DING is getting well...
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