The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Please don’t forget Leaving without saying goodbye can mean that we feel unresolved and unable to have a sense of closure. We may experience all kind of feelings in relation to this; perhaps we might be left guilty, regretful, grief-stricken, sad, angry or remorseful. There will most likely be a sense of things being unfinished.
Worked out fine for Kodal
The funding proposal is for a 24-month secured convertible loan note (CLN) with no repayments before 18 months, and a 10% per year interest, rolled up and payable on maturity, and an implementation fee of 5% of each tranche advanced.
Riverfort has the right, but not the obligation, to convert all or part of any outstanding balance of the CLN, up to a maximum of US$1.25mln for a 20% stake in Kodal's gold assets.
Interesting..........MAJWAND
March 2021 Kodal Minerals is close to reaching an agreement with Riverfort Global Capital Ltd to receive up to US$2.5mln in funding.
Following negotiations between Kodal and Riverfort, the terms of a previously announced funding proposal have been revised and it is anticipated that the final binding agreement will be ready for execution shortly, Kodal said.
Share price stats:
March 21 Price : 0.12p
Past year up 98%
Todays Price: 0.63p
Basser- remember this:
“ On the 5th December 2016 Physiomics announced an initial payment by Sareum for modelling carried out by the Company in 2010 to support the identification of an optimal combination regime of a Chk1 inhibitor and a DNA-targeting chemotherapy using the pre-clinical version of the Company’s Virtual Tumour technology. The payment was triggered by a number of pre-conditions including the announcement on 27th September 2016 by Sareum that its partner, the CRT Pioneer Fund, had licensed exclusive and worldwide rights for a Chk1 inhibitor cancer drug candidate CCT245737 (to be renamed PNT737) to ProNAi Therapeutics, Inc. (NASDAQ: DNAI)”.
Could be a little bit of history repeating itself 😀