Baillieu Valuation of VEC, page-367

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Big Kahuna 101

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22/03/19

14:00

Post #: 37853318
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Originally posted by MeToo: ↑

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

https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD4Qy5zBCZtvJ6ke92GA==

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So 25th April is when the next meeting is required to be held by?

Given 28 Days notice is required to be given we need to see a notice by 28th March?

Surely more information than what has been provided so far will be given in that?

Its enough to give you a headache trying to work through all this crap as it stands.

VEC Price at posting: 1.1¢ Sentiment: Hold Disclosure: Held
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Baillieu Valuation of VEC, page-367

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