Opps, my mistake, The placement is 21.7m shares @ 1.84c to YA Global to pay down the loan. $400m worth - whoooha!
The outstanding amount is $7.4m with repayments commencing on 1 May at $1.25m per month plus interest. (see ann 11/2/09)
So only another 15 or so palcements to go before the loan is paid off. Phew!
Who was it who got us into this mess in the first place?
Well, I hope YA is ready to do another ramp job on the sp next week. I think we are going to need it.
Opps, my mistake, The placement is 21.7m shares @ 1.84c to YA...
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