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Message: Received a response....Third Eye Loan Balance

Dude, I think we can determine the balance of the 3rd Eye loan putting a few things together

We know the balance of the third eye loan is $14,536,000 US from the financials and the prospectuses issued for the financing.

The final prospectus provided a use of proceeds, $5,912,500 paydown with a $11.8mill raise and $9,297,500 paydown for a $18,595,000 raise. Since the raise was pretty much in the middle, say the paydown is $7.5mil Cdn if RVX kept to its intentions. Thus, in $Cdn I would estimate the loan balance at $11.5 to $12.0 million based on FX rate asumptions etc.

Thus, if you are not in the further extension camp - on Aug 4th, RVX will need to come up with significant cash again, so potentially lots more fun .

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