Baillieu Valuation of VEC, page-366

Appendix 2 ann. 07-Mar-2019

The “investors have security but what the security is, is not stated.


Quote - “viii. Security – General Security Deed entered by Vector Resources Limited in favour of the Investors; and

ix. Shareholder Approval – the Company to seek shareholder approval for the convertible notes within 60 days of 24 February 2019.”

“The Company has entered the MEF/Riverfort Facility with the Investors to ensure that financial settlement occurs under the Sale Agreement

(((The next bit appears to be relevant to much of the last few days discussion)))

and will now work with new ((NEW)) funders to secure further funding (debt and/or equity) to repay this MEF/Riverfort Facility

and provide further working capital to complete the Definitive Feasibility Study at Adidi-Kanga.

Vector has already received strong interest for both debt and equity solutions and the Company will actively pursue these opportunities to replace the MEF/Riverfort Facility and provide the further funding required for the activities at Adidi-Kanga.” End quote



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