Ucore Rare Metals Inc. V.UCU

Clearly

[Rodtipup]

Randy Johnsons well has run dry he's done and refused to drop a measly 2 mil. Why should we?

[PipinoCuevas]

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[jrhjr1127]

Pip, I see that you at least haven't forgotten this, from the Sep 30 financials: "The Orca LOC has an interest rate of 9% annually and any drawdowns are to be made in multiples of $100,000 USD. All amounts owing under the Orca LOC are repayable on January 20, 2023." The Orca LOC is US$2 million. At Sep 30, they had already drawn US$1.7 million and probably have by now drawn down the

[PipinoCuevas]

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[jrhjr1127]

This morning's press release is very good news for Ucore. They've reduced the outstanding loans to Orca and extended the due dates for the remaining amounts. RJ has indeed shown that he still has confidence in the company. But, as I speculated, he has been incentivised. After the financing, his share of the company will increase from 10.37% of the company to 12.38% on a non-diluted basis

[PipinoCuevas]

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