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6,988 Posts.
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20/06/23
12:00
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Ok, I'm not a finance guy but this is my reading of the situation, everyone please feel free to confirm or correct:
- Mallee proposes to borrow AUD$48m from Hartree (in three traches, subject to shareholder approval)
- In return for this loan, Hartree will receive from Mallee (a) 10%+SOFR (of drawdown) p/a over the next 18 months, and (b) 213.638m share warrants.
- Assuming Hartree exercises all of the warrants, it will go from owning 30% of all SOI, to owning 70% of all SOI.
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