GREY:RGVNF - Post by User
Comment by
curtisprodon Aug 18, 2010 1:23pm
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Post# 17361790
RE: RE: Thoughts on PR
RE: RE: Thoughts on PRYes Reddy, you may be correct. There is a lack of complete information.
Perhaps we should forward your questioning post to the two who loaned us $1,000,000 to drill. They must be nuts.
They should have talked to you first before investing $1,000,000. Golly..Gee...
Regent is also pleased to announce that it has negotiated a Loan Agreement with two arms' length persons (the "Lenders") from Langley, British Columbia whereby the Lenders have agreed to loan the Company US$1,000,000, primarily to finance the drilling program for the second and third wells on its interest in the Francis Thompson Lease in northern Louisiana. The Loan Agreement provides that the loan shall be for a term of one year, bear simple interest at 8% per annum, payable monthly, and be convertible into shares in the capital stock of Regent at the election of the Lenders. The Company has agreed to pay a finders' fee in cash and shares with respect to the loan transaction.