VEC 0.00% 1.2¢ vector resources limited

Ann: Appendix 3B - Convertible Notes, page-7

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  1. 618 Posts.
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    Except that MeToo's post was in relation to the inconsistency between the announcement on 7/3/19 and the half yearly:

    "Quote - “The US$5 Million payment was financed by the issue of convertible notes totalling US$5.7 million as disclosed in note 1 of the half year Financial Report.”

    Quote 07-03-2019 - A bit contradictory?
    ”This alternative funding was secured through a US$4.75m facility (“MEF/Riverfort Facility”) with MEF I, L.P and Riverfort Global Opportunities PCC Ltd (together the “Investors”) and has now been received.

    An additional US$0.25m was also obtained by the Company under the same terms via an unrelated shareholder of the Company, Temorex Pty Ltd.”

    The above total = us$5M
    As per 6 monthly there is US$5.7m in notes."

    Where MeToo was saying the too were contradictory. However, we now know that they're not contradictory as the 7/3/19 announcement was ONLY with respect to the alternative funding for the A-K acquisition and the half yearly contained the additional con-notes issued to rollover the US$950k as well.

    Seems the mud has cleared, but the sharks are still circling at the moment...
 
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