Shareholder approval is required to approve the US$10m, 30-month Secured Prepayment Facility, the 10 Year Manganese Ore Off-take Agreement, the security to be granted by the Company and certain of its subsidiaries in favour of Noble. A Notice of Meeting will be distributed to shareholders shortly. The key terms of Prepayment Facility are considered very attractive for the Company and it bears an all in interest rate below 5%. the In addition the Company is required to seek waivers from ASX in respect of Listing Rule 6.18 in respect to the equity top-up rights, of ASX Listing Rule 10.1 in respect to any transaction contemplated by the Off-take Agreement and of ASX Listing Rule 7.3.2 in respect of the transactions contemplated by the warrants
KAB Price at posting:
1.4¢ Sentiment: Sell Disclosure: Not Held
