The number of shares which FYI may draw down under a notice is capped at 1,000% of the average daily number of FYI shares traded on ASX during the 15 trading days prior to that draw down notice, subject to adjustments.
maybe Roly can tell you more about the conditions of the "material term of the Equity Commitment" for the 80 mio
Does not look like a project financing, as shown here, looks more like " with this I keep my head above water „
News: FYI FYI Resources Secures A$80M Equity Financing Facility For HPA Project, page-7
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