STANS ONLY OWES 14.96 M TO BOTH FUNDERSIn the liabilities the LOAN is 14.96 Million
THE LOAN WAS TO BOTH FUNDERS NOTHING ELSE SAYS SO IN THE STATEMENT
Scroll down to note 8
"Under the terms of the Agreement, the Financer has agreed to assist in the financing of the Company’s legal costs and to provide financing toward continuing corporate overhead costs, in relation to the international arbitration proceedings against the Kyrgyz Republic. As at June 30, 2019 the amount of $9,890,093 (as at December 31, 2018 - $9,890,093) was financed under the Agreement.
THAT WAS THE FIRST FUNDER
SECOND FUNDER
Under the terms of the new Agreement, the Company has given certain warranties and non-financial covenants to the funder. The funding is secured by all real and personal property of the Company as collateral. In consideration for the provision of arbitration financing, Stans has agreed to pay to the funder a portion of any final settlement of the arbitration claim against the Defendant (the “Funder’s Fee”). The Funder’s Fee shall only become payable upon a final settlement of the arbitration claim and the value of the Funder’s Fee is dependent upon a number of variables including the value of any settlement and the length of time taken to reach a settlement. The agreement also provides that the amount of the Funder’s Fee, which includes amounts advanced, shall not exceed the amount of the aggregate proceeds of the arbitration claim under any circumstances. Entitlement to returns on amounts advanced is on a priority basis that is pari passu with the rights of the pre-existing source of litigation financing to receive payment and/or distribution. On March 19, 2019 the Company signed an addendum to the New Agreement with the funders for incremental financing for operating and legal proceedings. As at June 30, 2019 the amount of $5,074,342 (December 31, 2018 - $4,417,841) was financed under the new Agreement.
BOTH THOSE TOTALS ARE 14.96 MILLION CAD
WE GOT $24 MILLION USD WHICH IS ROUGHLY $31.8 MILLION CAD
$31.8 Million minus $14.96 Million
LEAVES US WITH $16.84 MILLION
$16.84 Million/ 187 Million shares
THATS $0.09 CAD IF WE CAN COLLECT