CR being run by Bailieu (the mob who did the extensive broker report) CR is for working capital to complete DFS and to "explore other opportunities in DRC" and is contingent on recieving funds for acquisition either the deal with FT $35M or Magna for $10m.
Magnas deal is not the greatest.. not a fan of them either.
Strange because the second tranch of FT is $10m to conduct the DFS.
If you want the source... get your hands on the CR term sheet. Theres a bit more info there.. but not much. Happy to chat directly on the bird.. Dyor
VEC Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held