Have not recieved confirmation of closed facilityAcording to the last MD&A, the (up to) $20m facility should have been closed on August 31. Term sheet was agreed to months ago. I've asked mgmt about this and all is said to be in the works.
The terms agreed to look fantastic. However, as a financier, I'd be rethinking the deal in light of the rise in gold price since that time. That is a big piece of the puzzle for KDX. If this doesn't go through, we are looking at more dulution.
I don't understand why, at this point, the deal has not closed unless those providing the funds have backed out or are rethinking the terms.
Anyone thought about this or have anything further to add?