RE: The future29 Jun 2022 23:27
$6.5m facility agreement - loan gets 'cancelled' on completion of the APA but must be repaid if deal doesn't complete. Tom Reynolds explained in his 16 June LSE interview that the consideration under the APA will be increased by the costs funded by SCIR in the period to completion. On completion those costs are 'repaid to us by cancelling the loan'. The RNS/circular could have been a lot clearer.