- Key points of the sale of Mt Porter and Frances Creek
Hot Trading Hot Capital
- On the 20th of July Ark entered into a binding term sheet with Territory Iron Pty Ltd to sell Mt. Porter (ML23839 and ELR116), Frances Creek (EL23237) and the gold rights over various mining leases and exploration tenements held by Territory and associated companies in the Pine Creek region.
- The sale price for the Pine Creek Assets is $4M cash plus GST, if any is payable.
- Territory has paid a $500,000.00 non-refundable deposit.
- Sale terms have been agreed with Chan Investments Limited (Chan), which provided
AHK a gold loan facility (refer AHK announcement 05/08/2016), secured by charges over AHK property including the Pine Creek Assets. Under this facility AHK drew down US$2.6M.- Pursuant to the agreement with Chan, AHK has paid Chan $250,000.00.
- $3.75M from the Sale will repay Chan in full and upon completion of the relevant sales
Chan will fully release AHK from any and all claims.- They Borrowed a lot of $$$$$
- for what ???
- Forums
- ASX - By Stock
- Ann: Quarterly Report for Quarter ended 30 September 2018
Key points of the sale of Mt Porter and Frances Creek On the...
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AHK (ASX) to my watchlist
|
|||||
Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.425M |
Open | High | Low | Value | Volume |
18.0¢ | 18.0¢ | 17.0¢ | $8.31K | 48K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 17437 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 27026 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17437 | 0.170 |
2 | 18381 | 0.165 |
1 | 25000 | 0.150 |
1 | 30000 | 0.145 |
1 | 4100 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 27026 | 1 |
0.200 | 35000 | 1 |
0.250 | 47548 | 1 |
0.265 | 4145 | 1 |
0.000 | 0 | 0 |
Last trade - 10.26am 30/08/2024 (20 minute delay) ? |
Featured News
AHK (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online