Inquiring minds (etc). The headline tells us that an outfit called RIVI Capital LLC has agreed to loan GOM.v U$4m, most already sent over and the balance in by mid-February. So far so lahdy-lah, but then the terms of the deal show up and explain how GOM.v ("the company") is going to re-pay the loan. IKN quotes:
"The Company is obligated to deliver 13.5% of the gold production limited to the Lexington and Golden Crown Mines for US $ 400 per ounce to a total of 15,000 oz. Post-delivery of 15,000 oz at US $ 400 per oz, the percentage of production from the Lexington and Golden Crown Mines to be delivered to RIVI will be reduced to 6.75%, and the price per oz. of gold paid by RIVI to the company will increase to US $ 650 per oz."