Replies to post #88 on Winchester Equity Corp (TVCCF)

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Debt Structure
• $51M prepayment facility provided by Anglo
American and Kimura Capital
• $17M converted from accounts payable to
unsecured 5-year term debt
• $5M converted from accounts payable to
unsecured subordinated term debt

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There is also the possibility that the minority shareholders want to get involved with this low share price.