TSXV:EVE.H - Post by User
Post by
mystique1on Apr 19, 2020 9:54pm
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Post# 30928222
what RBC is looking at
what RBC is looking at The Company has incurred operating losses and negative cash flows from operations in the year ended December 31, 2019 and the fourteen months ended December 31, 2018. Although the Company’s outstanding Construction Loan has been converted into a 217- month Loan Facility, there remains the possibility that both the Loan Facility and the Promissory Notes (as defined below under “Transactions between Related Parties”) may be called.
NMC is required to maintain a minimum debt service coverage ratio (the “ratio”) on an annual basis and meet certain reporting requirements relating to NMC’s financial results.