Should have included this. Sorry.
June 24, 2013
'Terms of the Promissory Note
TVI may advance up to CAD $1.3 million to Mindoro pursuant to an agreed upon schedule of monthly draws. Funds will be repayable within twelve months of the first draw down or may be repaid earlier, together with interest and without penalty. Interest will be calculated at a minimum of 15% per annum. The promissory note is secured by shares in Mindoro’s wholly owned subsidiary, MRL Nickel Philippines Inc.'
What do you reckon? They get ~100m shares to dump into a pumped market. Sweet.
time to move forward, page-81
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