RE: Scythian Mining16 May 2023 19:03
@PortfolioPower, thats heavy stuff, not sure how many times I have read it, too much new stuff in one go..
I think TRP have taken $3m, with another $3m if EECP agree
The Placing will initially raise US$1,250,000 as a placing to the Placee of new ordinary shares (........... Following the initial placing, the Placee will invest, at the request of the Company, up to US$1,750,000 in the aggregate for Shares.......no earlier than three months and no later than eight months after the initial placing (such period, the "Commitment Period", and collectively, such investments, the "Second Placing").
Nope your right, so they have up to 8 months, to request..
If required by the Company, a further US$3,000,000 may be raised from the Placee for Shares worth an equivalent amount, with the Placee's consent. Further information regarding the Placing is set out below.
The Floor Price, so below 0.1p, TRP can payback in cash ?
Need to have a a few more reads of your comments against the RNS..
but sounds like he out smarted EECP, getting maybe $3m, and 24 month to payback, if I followed you correctly?