VAN 3.85% 7.5¢ vango mining limited

Ann: Convertible Note Facility, page-2

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  1. 674 Posts.
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    Highlights:
    - Binding heads of agreement signed for $5m convertible note facility
    - Funding to expedite the path towards development of K2 & provide working capital

    Reading between the lines: -
    - And to stump up Frank's salary at the expense of more dilution and running up more debt at 12.5% interest
 
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