GREY:WFEMF - Post by User
Comment by
StockExpertProon Nov 04, 2013 5:51pm
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Post# 21875564
RE:Like to see Convertible Debentures
RE:Like to see Convertible DebenturesIf Woulfe Mining obtains a low interest rate loan for $10 million dollars from IMC to complete the 1 year "work program" then this could take over 3 months for the board of directors to negotiate. The subscription agreement deadline with IMC is on Feb. 26th 2014.
This deal with IMC will need to become more favorable for Woulfe Mining. It doesn't make any sense to give IMC another 1 year extension for a $5 million loan. Preferably IMC should be required to pay Woulfe a bonus amount of $10 million dollars to complete the work program and allow IMC to retain their exclusive rights on the Sangdong tungsten project.