Ann: Mining of First Ore Block at Granville Tin Project, page-78

First 78 Last

Share
Profile

Follow
rattle

4,142 Posts.

178

19/02/19

12:00

Post #: 37483041
Share

Originally posted by Spraks: ↑

Okay i'm here to put a full stop on the Lind conversion note. I've had time today to sift through a lot of things so here we go.

https://hotcopper.com.au/threads/ann-appendix-3b.4266798/ ($1.8M initial payment)

https://hotcopper.com.au/threads/ann-appendix-3b.4309329/ ($1.2M 2nd payment once we passed Resolution 4)

From the AGM, same conditions as the $1.8M but with additional notes:
The maturity date of the Additional Convertible Security shall be the latter of a) the date which is 24 months after the Additional Closing Date, and b) 30 days after all of the obligations of the Company in respect of the First ConvertibleSecurity have been satisfied (the Additional Maturity Date).

So essentially once we settle the $1.8M, the $1.2M will need to be paid/converted within 30 days of this event. Of course Lind still have the option to convert whenever they want, this is just a final date for settlement.

https://hotcopper.com.au/threads/ann-appendix-3b.4607019/ (Additional $1M drawndown in January 2019)

From all of that i'm assuming once the $1.8M is out of the way we will need to settle $2.4M within 30 days if the conditions are correct from the AGM and the drawdown is on the same terms. As mentioned above, this is a final settlement and Lind can convert before these 30 days are up.

tldr; 3.5c conversion ends 23rd March 2019 as mentioned many times in the 3B Appendix announcements.

Expand

http://www.austinmining.com.au/site/PDF/1656_2/Appendix3B

Above is the link to Appendix 3B from the Aus Tin Mining website. It does not have the date 23/3/19 as your's does, which is a different link.
Is there something I'm missing ?

ANW Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

US election outcomes: Key economic and market takeaways

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

There are more pages in this discussion • 278 more messages in this thread...

First 78 Last

Add ANW (ASX) to my watchlist

Ann: Mining of First Ore Block at Granville Tin Project, page-78

Top Stories

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Power gets set for 1000-metre maiden drilling program in Brazil

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

US election outcomes: Key economic and market takeaways

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

Featured News