YTC 0.00% 23.0¢ ytc resources limited

financing is here 100% to glencore, page-12

  1. 1,239 Posts.
    Öooks like the new Hartley note resolves my question:

    "The funding package is subject to a number of conditions including YTC shareholder approval for the issue of the converting notes"

    "The finance package offers full funding, flexibility in structure and repayment terms and offers attractive commercial terms. Importantly the converting note portion of the funding package converts into equity at YTC’s election, and the Company has no restrictions on the issue of future equity."

    http://www.ytcresources.com/i/documents/5/11/Hartleys%20Research%20Note%2023%20November%202012.pdf
 
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