AYN 0.00% 0.1¢ alcyone resources ltd

It is part of the capital raising - debt restructure. Will be...

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  1. 513 Posts.
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    It is part of the capital raising - debt restructure. Will be voted on at the same meeting as the rights issue I believe.

    Though it wont be a seperate item, it is written into the agreement. I believe it was 5% on successful completion of the capital raising, then 2.5% for achieving 500,000oz production in any 6month period, and 2.5% for achieving 120,000oz in a month

    Those figures were off the top of my head as I read it a couple of months ago in the announcement
 
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Currently unlisted public company.

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