Post by
SeedsofDoubt on Jun 17, 2024 12:04pm
Wow--A 10% Loan and a Lien
Upon receipt of the Investment Amount, Gratomic will pay TSC interest on the Investment Amount of 10% per year for the first six months from receipt of the Investment Amount. Commencing six months after receipt of the Investment Amount for a period of 5.5 years, TSC will be paid the 5% GSR. Thereafter, TSC will be paid the 1% GSR for the life of the mine. The Royalty will have a first ranking security interest over plant and machinery at the Aukam Property.