They had lots of debt before it's a company starting a huge mine... It happens. Than covid hit and that was another hit you cant just show up and close the mine there is extensive costs.
They needed the extra money and that is the easiest way also 1 company bought half up already so it was a previous negotiation.
atleast they used it properly Finished the first part, ramped up production and paid 30 million short term debt off.... went through the bank to finish it off. Main shaft will be done THIS YEAR and commercialized.
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