credit facilities

Just for the inexperienced investors:

Credit facilities with share issue attachments simply means that for the money a company issue shares – sometimes at a small discount (Max 10%) to the VWAP (Value-weighted Average Price) of say 5 days.

The provider (credit facility) then at some stage sells down the shares at a profit – without impacting the share price. This is done in a way whereby they agree not to drop millions of shares into the market at any one time –

Cougar's provider has a very good reputation of doing this so as to not impact the SP.

Kind regards,
Stocky~

GO COUGAR!