Mar. 12 at 3:58 PM
$DRRSF ARIANNE PHOSPHATE EXTENDS ITS CREDIT FACILITIES
- to extend until September 30, 2027
- Company will issue 10 million common shares to the Lender on the Closing Date
- 5 million subject to a voluntary hold period of 6 months
- 5 million subject to a voluntary hold period of 9 months
- Company will issue 25 million non-transferable warrants at a price of
$0.28
- Arianne agrees to pay to the Lender an additional production fee of
$0.25 per metric ton of phosphate concentrate sales for the life of the project
- Lender shall nevertheless be entitled to exercise the 2026 Warrants without the limitations of these warrant exercise restrictions applying in the event of a Business Combination Transaction
the last 2 bullet points caught my attention... merger + production on the horizon??
