You are correct. After checking the Quarterly Activities Report, I saw a paragraph in Appendix 5B:
"Southern Gold have a $1,000,000 unsecured convertible debt facility. The agreed interest rate on the face value of $1,000,000 is 8%. Interest is paid every six months. Unless the free attaching options are exercised on or before 30 June 2017, the $1,000,000 is due to be repaid on 30 June 2017."
This was a second debt facility, which will be fully repaid with this third profit distribution.
Now, yes, SAU is truly debt-free. Bring on the drilling results!
You are correct. After checking the Quarterly Activities Report,...
Add ION (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.443M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $1.822K | 202.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 450000 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 2912976 | 5 |
View Market Depth
| Last trade - 10.31am 26/07/2024 (20 minute delay) ? |
| ION (ASX) Chart |