VEC 0.00% 1.2¢ vector resources limited

Ann: Adidi-Kanga Gold Project Acquisition and Update, page-50

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  1. 5,127 Posts.
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    Im aware the face value is $1.20 per note but I am not sure they are getting a $1.20 face value note for every $1 they kick in.

    If what you think is correct, they would be issued 4,750,000 notes at a face value of $1.20 each.

    I am asserting they would be issued 3,958,33 notes for $4,750,000 cash provided.

    Could be wrong.
 
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