VEC 0.00% 1.2¢ vector resources limited

Baillieu Valuation of VEC, page-547

  1. 3,656 Posts.
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    Pretty sure the interest rate is 20%... which will mean the repayments on the total con-notes will be USD$6.84 mil.

    The way I read it is that USD$4.75 mil was drawn from the con-notes to pay the USD$5 mil upfront (the other $0.25 mil was to be from temorex but not mentioned again.

    The additional USD$1 mil in con-notes was used to repay some of the outstanding standing debt.

    SO total funds recieved either USD$5.75 mil (or USD $6 mil with Temorex) so at the 20% interest witll be USD$6.84 mil (or USD$7.2 mil with Temorex)

    As usual the announcement was clear as mud though.


 
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