Received a response....Third Eye Loan Balance
posted on
Jul 13, 2019 09:51PM
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 .