From the Huatai funding announcement:
On signing of the Subscription Agreement, Northern Minerals received $200,000 (issuing 2 million shares at 10 cents per share) from Huatai Mining, with the remaining funding to be received through two stages:
- By 12 August 2016, $2.8 million for 28 million shares at 10 cents per share.
- Following all necessary shareholder and Australian Government approvals the final $27 million for 200 million shares at 13.5 cents per share (to be received in three equal tranches within 30, 60 and 90 days of the General Meeting).
http://northernminerals.com.au/wp-c...ng-partner-secured-updated-final-MT-Clean.pdf
The first tranche is due by 28.10.16.
http://stocknessmonster.com/news-item?S=NTU&E=ASX&N=794440
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