Post by
heavymonzy on Nov 25, 2011 4:18pm
Or this ...
"Pursuant to amendments to Credit Agreement, the Company impaired $1,345,945 of exploration and evaluations assets relating to capitalized borrowing costs. The Company has also impaired $2,153,302 of deferred financing costs because it will not be able to access funds from the Credit Facility to finance the purchase and construction of an on-site DMS plant."
Comment by
heavymonzy on Nov 25, 2011 4:32pm
"Finally, the Lenders have no further obligations to advance funds and each lenders’ commitments has terminated. "Crap !