Re: Australian mining investor takes controlling position in Ring of Fire mine developer

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Fossil

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Re: Australian mining investor takes controlling position in Ring of Fire mine developer

in response to

Re: Australian mining investor takes controlling position in Ring of Fire mine developer

fahrenheit451

posted on Dec 10, 2020 02:53PM

Hi fahrenheit451.........that $ 15mil debenture that pays them 10%

is actualy US$ 15 mil Convertable Loan that pays them 8%.

That loan is the key to give them controling interest at 37% +.

Good luck to you and all ROF longs,

Fossil

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