MDA 0.00% 5.2¢ modena resources limited

Thanks mate, it made some sense to me.So doing some add up, 24th...

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    Thanks mate, it made some sense to me.

    So doing some add up,

    24th nov 2010, 2.5m,

    1st december 2010, another 2.95m,

    12 jan 2011, another 250k

    notes and share issued at 18 Jan 2011, assuming notes are converted at 2.1 cents that's another 202k in funding, and shares sale proceed of another 20.3k,

    21st Jan 2011, another share sales of 250k.

    Totally 5.94m raised so far, and the budget is about 15m as stated on 24 th Nov 2011.

    Am I right to guess there are still more funding in the future?

    My apology for not doing much research, could you educate me on how drawdown on loan facility works please?

    Thank you for your contribution.
 
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