"HANLONG CONVERTIBLE NOTE EXTENSION Sundance Resources Limited (“Sundance”) (ASX: SDL) advises that the Maturity Date for the existing A$5 million convertible notes with Hanlong (Africa) Mining Investment Limited ("Hanlong") has been extended from 31 December 2014 to 31 December 2015, and from 1 January 2015, Sundance will pay interest to Hanlong at the rate of 10% per annum on a quarterly basis on the outstanding convertible notes. In February 2013, Sundance announced it had received A$5 million from Hanlong under the convertible note facility. For further details of the terms and conditions of the convertible notes please refer to Annexure B of the Notice of Meeting for the Company's 2013 AGM, released to ASX on 29 October 2013."
SDL Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held