GREY:IVITF - Post by User
Post by
longongeneon Sep 12, 2019 2:45pm
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Post# 30120904
Question about term loan
Question about term loanThe agreement with Trichome states the following:
The Term Sheet includes a binding provision (the “Break Fee”) whereby, subject to TSX Venture Exchange (“TSXV”) approval, the Company will be required to issue Trichome 1,000,000 common shares if the Company does not close the Term Loan on or before September 13, 2019 or such other mutually agreed upon date.
Does this mean if the loan is not closed by tomorrow invictus is giving them 1 million shares?