DUO 0.00% 0.9¢ dourado resources limited

Ann: Quarterly Activities Report, page-4

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 23,919 Posts.
    lightbulb Created with Sketch. 752
    Fadi

    They eliminated all the debt by issuing stock at 1c instead of paying them cash - the company is now debt free

    They also raised around $800k cash during the quarter, which I believe was that 3B in December, however there looks to be some one off admin fees that chewed up $667k of it - I suspect this could be related to the incoming deal

    I wouldn't simply assume the whole 190M shares are to regular creditors. I have a suspicion a large portion is the deal makers payment and promo shares which he will use to facilitate the acquisition, the loose stock looks to have come out

    Anyway, creditors were happy to accept 1c stock as payment and sophs did stump up $800k at 1c - there it is in black and white

    Now hopefully with reporting done it clears the slate for acquisition news next week
 
watchlist Created with Sketch. Add DUO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.