Liberty Star Uranium & Metals Corp.

Combining Classic Mineral Exploration with State of the Art Technology

Free
Message: Re: Tangiers $8M Credit Line

Aug 11, 2015 07:54AM

I don't think the deal you are referring to can be considered a "line of credit" in the usual sense. The other party gets new treasury shares at a discount to sell (or to hold for investment purposes) in consideration for the funds they "advance". In such deals, the stock is usually sold, but in a limited way according to the terms expressed in the contract.

So, market cap has nothing to do with it, and there is dilution.


Aug 11, 2015 01:55PM

Aug 11, 2015 03:15PM
Share
New Message
Please login to post a reply