Rights circular More detail required if they want a high participation. How about stating the majority of the funding is for working capital to bridge the 90 to 120 days between buying used catalytic converters and getting paid by refiners.
How will we use the available funds?
We plan to use the available funds from the Offering for general corporate purposes, as set out in the table below.
Reserve for general corporate purposes.
The funds raised in the Offering will provide the Corporation with funds to finance the growth of its business and allow it to be able to react and respond to changing market conditions and potential acquisition opportunities