RE:The Financing - Point Rousse GoldNHill - (2/17/2023 8:03:14 AM)
The Financing - Point Rousse
This is a great use of the hard assets at PR.
"The financing will be secured by a pledge of shares in favour of Nebari on the Company's material Subsidiaries, namely Goldboro Gold Mines Inc. and Point Rousse Mining Inc., together with security on substantially all of the Company's material real and personal property."
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What does this mean if they sell point rousse?...pointe rousse is now collateral against the financing. Question only. Does that mean that any proceeds from a sale have to be used to pay back the loan? Is that something could be renegotiated?
I have a mortgage and the collateral is my home. If I sell my home, I have to pay back the bank with the proceeds.
So what would now happen to the proceeds of the sale?