VEC 0.00% 1.2¢ vector resources limited

Was questions regarding the financing arrangements which I...

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  1. 3,656 Posts.
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    Was questions regarding the financing arrangements which I thought were quite ambiguous.
    1. With the Convertible notes has the interest payment been capitalized into the USD$1.20 price (ie. repayment actually USD$6 mil at the end of the term)
    2. With section vii. of appendix 2 - Conversion Pricing is this to be based as the higher of the two at time of conversion or the lower of the two? ie. has a floor conversion price been set?

    @beisha I assume you mean 2.5 bil SOI not MC.

    The way I see it we alreayd have 2.135 bil on issue with another USD$5 mil to be issued on completion of DFS (which should be this year) + if we get new financing set up I expect there to be fees to set this up to both the lender and 'advisers' + any fees payable in relation to the other acquistions + ongoing exploration and admin costs.... I personally think 2.5 bil is the minimum by end of year.
 
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