RE:RE:RE:RE:Answers To Shiftone Regarding Credit Facilityshiftyone wrote: Not only did they pledge the shares, they also gave security over all of the companies material real and personal property. Let me know what Rob says.
- 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.
Yep, it's normal to provide hard assets security for backing a loan. Perhaps they got a better intesrest rate and offer a lower number of warrants.