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Originally posted by qqqqqqqqq
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Conditions Precedent: for debt finance1. Completion of RCF project and Company due diligence 2. Transaction documents to be agreed and executed. 3. Battery Minerals completing a capital raising of a minimum A$35M less RCF’s of US$5M. 4. Battery Minerals obtaining all required shareholder approvals for the term sheet, including for issue of shares on exercise of the Options. 5. The issue of the Options. 6. Material contracts in place and to RCF satisfaction. 7. Confirmation, to RCF satisfaction, of third party commitments such that – in conjunction with the RCF Funding Package – construction of Montepuez is fully funded. 8. RCF investment team site visit. 9. RCF Investment Committee approval. 10.All required government and regulatory approvals. 11.Battery Minerals providing certain information regarding the Montepuez project to RCF. 12.Confirmation that Battery Minerals is in compliance with all applicable laws and not in possession of ‘excluded information’. 13.RCF confirmation that appropriate security is available and, if required by RCF, discharge of any security interests 14.Other conditions which RCF considers necessary resulting from its due diligence findings. 15.Transaction documents to be agreed and execu ted.
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