RE: Sanderson4 Feb 2020 14:38
they haven't fully committed to that £400k
Katoro has also put in place a facility with Sanderson Capital Partners Ltd ('Sanderson') under which the Company may require Sanderson to subscribe for up to £400,000 in the form of a convertible loan note on terms that, if drawn down, will be no more favourable to Sanderson than the terms on which investors have participated in the CLN, and which, together with unallocated proceeds of the CLN, the directors of Katoro ('the Board') expect will fund the Additional Tranches if necessary/required.