"Hanlong’s ability to reduce the Loan Forgiveness has
been extended until the expiry of the Shareholder Loan, namely April 2020." as per 29/12/11 MOL annoucement.
"On each occasion in the future that Moly Mines makes a final investment decision for a new project that is
financed with debt facilities supported by Hanlong guarantees and security, the amount of the Loan
Forgiveness will be reduced on a pro rata basis by comparing the debt made available to the US$500
million of financing required under the Subscription Agreement. Interest will not be payable by Moly Mines
on the Loan Forgiveness." as per 29/12/11 MOL annoucement.
1) If Hanlong is able to get debt facilities, does that mean MOL will need to repay Hanlong Shareholder Loan (on pro rata basis)?
2) If Hanlong is NOT able to get debt facilities, than "Loan Forgiveness (MOL doesn't need to repay Hanlong)?
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