Any board seat would only go to an internationally accredited mining operator who would help lead restart and ultimate sale of this asset (in my view).
Warrants would be issued at the money - i.e. we are asking for 20% of the company. Less dilution then would be required to restart the mine at current levels.
We here the restart finance need is $30m - would be great to hear more from management on this front.... where have they been with this?!?! Should be fairly simple to to underpin and communicate this figure.
Demand for clarity on financing, page-17
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