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4.0¢ hazelwood resources ltd

Ann: Financing Update, page-11

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19/11/16

09:37

Post #: 20734739
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http://hotcopper.com.au/threads/new...ungsten-plant.2579518/page-3?post_id=15874970

12/06/2015:

Originally posted by treefeed ↑

>> Getting rid of the Siderian Debt of US$4 million is what HAZ needs to do,
>> hopefully HAZ can then start making a profit.

This is exactly what they did after the last placement.

05/12/2013: $5M placement completed
12/12/2013: $3.5M bridging facility repaid

It didn't prevent them from returning to the credit markets just a few weeks later though when they obtained USD 4.0M from Siderian. The very loan facility that they struggle to repay and that forces them to issue up to 1.1 Billion additional shares at 1c now. Should they be "successful" in their effort, the number of shares would have increased 9-fold (to 2.4 Billion) within 3 years. What a superb achievement!

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Well, in 2015 they intended to issue a truckload of new shares at 1c each to repay the Siderian loan. The offering fell 98% short. Since then they gave away Mt. Mulgine and Big Hill for a song and consolidated 50 old shares into 1 new share. Guess what they intend to do now. Issue another truckload of new shares at 1c each to repay the Siderian loan!

HAZ Price at posting: 4.0¢ Sentiment: None Disclosure: Held
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