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
- Forums
- ASX - By Stock
- AUL
- dudded
dudded, page-97
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AUL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online