Bullboard - Stock Discussion Forum Avalon Advanced Materials Inc T.AVL

Alternate Symbol(s): AVLNF

Metals & Mining Industrial Metals & Minerals

Avalon Advanced Materials Inc. is a Canadian-advanced manufacturing company focused on vertically integrating the Ontario lithium supply chain. Its Lake Superior Lithium Project is in the City of Thunder Bay, Ontario. Lake Superior Lithium Project is located between northern Ontario’s lithium deposits and southern EV battery plants. Through its joint venture with SCR-Sibelco NV, it is... see more

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Avalon Advanced Materials Inc > !!!!!!!!!!!!!,,,,,,,,,,,,,LIND Partners DEAL......OUCH !!!!!

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Post by Red_Deer on Mar 18, 2024 1:16pm

!!!!!!!!!!!!!,,,,,,,,,,,,,LIND Partners DEAL......OUCH !!!!!

This ACTUALLY is NOT GOOD NEWS for US !!!!

Lender of LAST RESORT

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Comment by rmbaird on Mar 18, 2024 8:34pm

Why??

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Comment by Red_Deer on Mar 19, 2024 12:44pm

The convertible security to be issued pursuant to the first drawdown under the Funding Agreement will have a two-year term and will accrue a simple interest rate obligation of 10% per annum on the funded amount, which is prepaid and attributed to the face value of the convertible security upon issuance, resulting in a face value of $3,300,000 (the "Face Value"). Lind will be entitled to ...more

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