KWG Resources Inc C.CACR

KWG/FNC loan agreement

[FromSudbury]

With regards to the loan agreement:

1)  KWG gets bought out by Wyloo or BHP, and the loan and interest gets paid to FNC, along with gains on warrants ($34.5 million principal + accrued interest + gains on warrants)

Or 

2)  KWG doesn't get bought out and the loan matures (maybe after extentions of the agreement); resulting in FNC getting a substantial share position in KWG; perhaps contolling interest

What I'm not sure of is the incremental interest payments. 
Will KWG be giving FNC interest payment shares every month/quarter/yearly to satisfy interest payments, and will that be based on a 5 day trading price?

Or will all the accrued interest be paid upon matruity or on a buyout, whichever occurs first\?

For disclosure purposes, I have a few shares in KWG but lots of FNC

Interested on some feedback with regards to this deal.

[wheelsonthebuss]

Wh WHEELS wants a buyout or takeover - like NORONT's deal - O YAYA !!!

[TequilaRose44]

I want a road announcement.

[freed1freed1]

Then what? We're down to a penny...

[wheelsonthebuss]

WHEELS says to ask King Trudeau II - he knows - O YAYA !!

[northernman59]

I want the death highway 17 twinned before money to build a road rof

[Patentpending1]

Whomever can quess the outcome of mining the Blackhorse and the rest of its logistics should name their next dog,cat,fish or snowblower Franky. I called my last snowblower Betsy. We went through alot.

[Dragon23]

Full control...and Controlling Interest it is.....IMO Scrutinize the details a bit...it sure seems like a veritable stranglehold to me. Am I interpreting this wrong, or can FNC exercise their option as below and practically own KWG? I hope Frank has a back up plan....or we are at the mercy of FNC???? The "Immediately Prior".....& "Immediately Following" paragraphs in the