RDG 5.56% 2.9¢ resource development group limited

Bullseye Loan

  1. 37 Posts.
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    Anyone know if Bullseye Paid back the loan - looks like it expired a few days ago? $1.5M represents a fair bit of the Balance sheet and Mkt Cap?


    1 A loan agreement exists between Resource Development Group Limited (RDG) and Bullseye Mining Limited (BML), its majority joint
    venture partner in a new company yet to be incorporated. The loan agreement is intended to assist funding various costs within BML,
    in anticipation of a future capital raising. The principal terms of the agreement are as follows:
     The funding is capped at $1.5m;
     Interest is calculated daily at a rate of 6% per annum;
    The original term of the agreement is for a maximum period terminating on 10 July 2019, however this was extended for a
    further six months; and

     The loan is secured by a first ranking registered mortgage granted by BML over its right, title and interest in Mining Lease
    M37/1167 (which holds the Bungarra gold deposit) under the Mining Act 1978 (WA)
 
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Last
2.9¢
Change
0.002(5.56%)
Mkt cap ! $84.09M
Open High Low Value Volume
2.9¢ 2.9¢ 2.9¢ $118 4.137K

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No. Vol. Price($)
2 373 2.8¢
 

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Price($) Vol. No.
2.9¢ 100000 1
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