Funding/Drawdown The remaining US$4,347,826/CAD$~6,100,000 funding drawn from the Financing Facility.
Interesting (pun intended) is that: "The Company has a $1,662,724 interest payment deferral from Nebari to December 13, 2024, for Tranche 1 and 2 accrued interest that was payable on September 30, 2024." So the drawdown on the facility was to help pay the interest due September 30?
The facility interest is a killer on this: for the first US$23MM it's ~12.6%, for the last $US12MM effective interest after discount and closing fee is maybe 20%, for the whole US$35MM plus any deferred interest, prorated interest rate for the facility is about 15%, or approaching CAN$2MM a quarter.
The high(er)-grade throughput will be much appreciated.
Kind of odd that they released the Q1'25 financial and MDA reports twice, with the second one the subject of a news release which they don't usually do.
Volume 1 Million, bid now 0.255.