OK Andy, I'm confused.I can't find any trace of this 25m...

OK Andy, I'm confused.

I can't find any trace of this 25m financing in the most recent Quarterly Cashflow report.

I know it's happened because the announcement says it did like you say.

So this 25m is now classed as debt right? Or at least the first 12.5m that has been contracted...

Also an interesting paragraph from the same annoucnement where they mention potential production funding in the future and the sizable potential of their tenaments.

"The further AUD$10m will be dependent on Global Nickel’s determined needs,
particularly in relation to the availability of pre-production assets."





The full paragraph is here:

"Global Nickel Investments has concluded the financing package with Zulu Capital and one of its leading
client funds based in London and Singapore. Zulu Capital is an investment banking firm serving
emerging growth companies and global alternative asset managers. The finance will be provided by way
of draw down facility at Global Nickel’s election. AUD$12.5m has already been contracted and will be
drawn on a rolling basis. The further AUD$10m will be dependent on Global Nickel’s determined needs,
particularly in relation to the availability of pre-production assets. As such, the financing facility allows
Global Nickel to draw funds as and when necessary. This will assist Global Nickel to avoid unnecessary
dilution. Zulu Capital will also arrange investor briefings in Asia in late April prior to the upcoming drilling
at the JRGB project area."