Costs of approximately A$0.675m associated with the financing arrangements (inclusive of all interest obligations and the net cost of the equity derivative collar for the term of the initial Financing Arrangement) have been deducted from the Loan proceeds of approximately A$8.175m to leave Metal Tiger with A$7.5m of cash proceeds to fund: - Metal Tiger’s proposed share buy back (announced on 15 October 2019 and approved by Metal Tiger’s shareholders at a general meeting of the Company on 6 November 2019); - Metal Tiger’s participation in the Cobre IPO (as per the Metal Tiger announcement dated 20 November 2019); - existing and new public and private investments; and - general working capital requirements.