Question Completion Status: loan facility. Vulture will also assist Rio Grande to establish a further $30 million unsecured note issue for domestic investors that will carry 12% interest and may be convertible to ordinary shares in Rio Grande at the option of the noteholder in five years' time. Rio Grande makes a presentation to wealthy investors at a private function conducted by Vulture Capital in Sydney. Vulture Capital's loan document is based on old contract law and contains a floating charge clause covering all of the company's property. Rio Grande alsd has a long-term lease with Lease Co covering mining equipment for the next eight years. Rio Grande also borrowed funds from Planes- R-Us to purchase a light aircraft for flying, Planes-R-Us took out a personal money security interest on the aircraft. What legal issues are raised by this situation under the: a. Corporations Act? and (7.5 marks) b. the Personal Properties Securities Act (the PPSA?) (7.5 marks), marks]Question Completion Status: unti Rio Grande Mining Lid is a company that needs funds to expand its business. The company plans to engage in a large-scale equity capital raising in the next 12 months but wishes to raise as much debt as possible before that time while cheap debt is readily available. Rio Grande has been involved in fundraising discussions with a venture capital firm Vulture Capital COMPANY LAN LLP (based in New York). Vulture Capital has agreed to lend Rio Grande $30 million in a single loan facility. Vulture will also assist Rio Grande to establish a further $30 million unsecured note issue for domestic investors that will carry 12% interest and may be convertible to ordinary shares in Rio Grande at the option of the noteholder in five years' time. Rio Grande makes a presentation to wealthy investors at a private function conducted by Vulture Capital in Sydney. Vulture Capital's loan document is based on old contract law and contains a floating charge clause covering all of the company's property. Rio Grande also has a long-term lease with Lease Co Screen Spot covering mining equipment for the next eight years. Rio Grande also borrowed funds from Planes- R-Us to purchase a light aircraft for flying, Planes-R-Us took out a personal money security interest on the aircraft. What legal issues are raised by this situation under the: sbrait to save and submit. Click Save All Answers to save all answers