The $400k will be made up of $200k for exercise of option to acquire project and $200k not due until mining licence granted on other project.
Thanks for the heads up, you are correct, so this may mean they can hold off a little longer, maybe an extra couple of months more before needing more funds. Nice cheeky .6c close. The 50% rise may pique some trader interest in the short-term.
Placement, page-21
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