Thomson Resources had signed a monthly share purchase agreement with Lind Global fund II

Thomson Resources Limited (ASX: TMZ) announced that it had signed a monthly Share Purchase Agreement for an initial term of 1 year with Lind Global fund II. Under the contract, the company can draw down monthly tranches of not more than AU$3,500,000 over the 12-month term. This term can be extended for 12 months at Thomson’s election. According to the contract, the first tranche is for a net amount of AU$288,000.

Upon execution of the agreement, Lind Global will provide the first tranche in the amount of AU$400,000 and thereafter Lind will purchase Shares from the company on a monthly basis in the amount of AU$100,000 per monthly tranche. Lind will fund each monthly tranche at the starting of the month and the company will issue the shares to Lind at the end of the month.

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