AUL 0.00% 28.5¢ austar gold limited

dudded, page-97

  1. 4,289 Posts.
    When Mantle announce deals like the following, then I will begin to worry -

    The Company has finalised a “FAST Finance” loan of $1,700,000 and placement of $506,515
    managed through Greenard Willing and Platinum Road. The FAST Finance loan is an advance
    against the expected R&D tax concession due in October-November 2013.
    The Board believes that this is a reasonable source of short-term finance and an appropriate
    arrangement.
    The key terms of the FAST Finance loan are as follows:
    ? Term: 12 months
    ? Repayment: Cash in full from the R&D tax rebate refund
    ? Interest Rate: 15% p.a. payable upfront

    B Rubes
 
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