Post by
FromSudbury on Jan 09, 2024 2:34pm
KWG Loan Agreement
From my perspective, there are two possible outcomes:
1) KWG gets aquired by Wyloo or BHP and Fancamp realizes the full amount of the loan in cash of $34.5 million plus accured interest, along with gains with respect to warrents.
Or
2) KWG doesn't get aquired before the maturity date (or extended maturity date) of the loan and Fancamp ends up with controlling interest of KWG.
Do others agree or disagree?
Comment by
Aallyy on Jan 10, 2024 8:23am
Agree. The deal done with KWG is structured that way, if they don't meet the loan requirements they hand over the keys to the kingdom to Fancamp and that would be disasterville.If KWG meets the requirements they wil most likely hand over the keys to another party with a favorable outcome.