calculate the amount of additional inventory that the baker can purchase without violating his debt agreement; It is stated that the baker`s current report is now 3 and that his total circulating wealth amounts to $15 million. We can calculate the amount of short-term debts as follows: in accordance with the loan agreement with BSRT, the shares are delivered to BSRT within 14 days of the interest payment date of October 10, 2020. The issuance of the Shares is subject to TSX-V approval. Disclaimer: This press release contains forward-looking statements based on the Company`s current expectations and estimates. Forward-looking statements are often marked by words such as „plan“, „expect“, „project“, „anticipate“, „believe“, „estimate“, „suggest“, „display“ and other similar words or statements that certain events or conditions „may“ or „become“. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events or results to differ materially from those estimated or expected events or results that are implied or expressed in such forward-looking statements. These factors include, but are not limited to, actual results of currently planned exploration activities; conclusions of economic evaluations; changes in the parameters of the project with a view to further inflation; possible variations in the degree of ore or extraction rates; accidents, labour disputes and other risks in the mining industry; delays in obtaining public authorisations or funding; and fluctuations in metal prices. There may be other factors that cause actions, events or outcomes not to be evaluated or intentioned as intended. Any forward-looking statement relates only to the date on which it was made and the Company disc discreasies any intention or obligation to update any forward-looking statements, whether as a result of new information, future events or results or for other reasons, except as required by applicable securities legislation. Forward-looking statements are not a guarantee of future performance and, therefore, due to inherent uncertainty, undue reliance should not be place on such statements.
Now we have Baker Corp. Is required by a debt agreement to maintain a current ratio of at least 2.5. Suppose the additional amount of inventory is X, then the maximum that should increase debt and short-term inventory is $1,666,667. To know the extent of short-term debt and inventories in the current ratio formula, it is necessary to add an amount at the level of current assets and current liabilities, so that the result is 2.5. AZARGA METALS CORP. („Azarga Metals“ or „Company“) (TSX-V:AZR) baker Steel Resources Trust Limited („BSRT“) has sent a notice indicating that it wishes to make use of its option to pay in shares the semi-annual interest on the converted debt of $3.5 million (fixed at C$4,692,550) to BSRT. Interest due on October 10, 2020 is settled at $192,330, which is settled by the issuance of 2,747,575 common shares at a price of $0.07 per share, which escapes the closing price of October 8, 2020. . Azarga Metals is an exploration and mining company that owns 100% of the non-core copper-silver project in the Zabaikalsky administrative region of eastern Russia. Following a first phase physical exploration program in 2016-2018, the company estimated that a derived resource of 62 million tonnes was 0.53% copper and 38.6 g/t silver for the project in the report entitled „Technical Report and Preliminary Economic Assessment for the Unkur Copper-Silver Project, Kodar-Udokan, Russian Federation“ of 30 August 2018, prepared by Tetra Tech Mining & Minerals. .