TSX:SGR.UN - Post by User
Comment by
HRc60to65on Jun 19, 2015 11:19am
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Post# 23848635
RE:RE:It's almost over
RE:RE:It's almost over
''b) the purchase price will be paid by means of the Purchaser assuming all indebtedness of San Gold to the Note holder and the Dl P Lender, and for that reason the debenture security''
The convertible debentures (SGR.DB) have to be included in ''debenture security''. Because the ''Puchasser assuming all indebtedness of San Gold''. It is also included all trade creditors.
In the event the Purchasser sell or is producing gold at profits, it will refund, first all secured creditors in full, all the trade creditors and the convertible debentures in full with the profit. When that will be accomplished, the Purchasser will be be the owner of the mine and will keep all other profits.