The filing suggests otherwise. Why would he use a subscription agreement at 0.02 or toxic financing when he had $75,000 left available on the drawdown facility at MUCH better terms for TRII? It likely is because he can't use the drawdown any further....
That rock and hard place are getting closer together. Let see if he meets the expenditure requirement for the Teck option. I think there is a good chance he won't and then he will owe Teck the difference...but Sept 30 will tell.
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