Ann: Gold Links Funding Update, page-2

This is BS. Goes up from 2.5c to 3.5c and next day a funding ann and no speeding ticket from the asx???
Dateline Resources Limited (ASX: DTR) (Dateline or the Company) provides the following
update with regards to its Gold Links mine in Colorado.
As disclosed in the December Quarterly report, Dateline has been advancing discussions
with its USA bankers to obtain additional loan funding for to be used at the Gold Links
project. The additional funding is being pursued in parallel with negotiations with
potential Joint Venture partners.
The Company has today received a funding term sheet for US$5million, from Madison One
Cuso, to be used at the Gold Links in Colorado. Funding is subject to an 80% guarantee
from the United States Department of Agriculture (USDA). Interest for the funds is 10.25%
and the term of the loan is 10 years. The security sought for the loan funds is a mortgage
over the real property assets in Colorado and a guarantee from Gunnison Gold Pty Ltd.
Madison One Cuso has previously completed almost US$10million of funding for the Gold
Links project on similar terms including USDA guarantee.
Dateline’s Managing Director, Stephen Baghdadi, commented:
“This is a positive development for the Company and is the result of having a good working
relationship with our bankers and confidence in the potential of the Gold Links project.
We look forward to working closely with the bank to secure the additional funds and
providing the information required to complete the transaction.
Discussions are advanced with a potential Joint Venture partner, and we are working on
finalising an agreement as soon as possible”