ANS austsino resources group limited

This is what DILUTION IS TO LTSH and DING is getting well...

  1. 13,576 Posts.
    lightbulb Created with Sketch. 1262
    This is what DILUTION IS TO LTSH and DING is getting well rewarded also lost to S H on the failure of SDL and ANS projects that took 3 years with a court ending....lol

    Midwest Resource Finance Group Ltd (Midwest), an entity controlled by the Company’s Chairman
    Mr Ding, has been providing unsecured working capital loans to the Company since January 2021. At
    present, the principal amount outstanding is approximately $2.2 million. Interest accrues on these
    loans at an annual rate that is currently set at 2.65%. It is calculated at the end of each calendar
    month but is payable annually in arrears. The loans are repayable on 18 January 2023. Whilst the
    loans are repayable on 18 January 2023, it is anticipated they will be converted to equity before that
    date at the pre-agreed rate of 1.3cents per share. Any debt for equity exchange will be subject to
    compliance with applicable laws.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

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