Anyone know if Bullseye Paid back the loan - looks like it expired a few days ago? $1.5M represents a fair bit of the Balance sheet and Mkt Cap?
1 A loan agreement exists between Resource Development Group Limited (RDG) and Bullseye Mining Limited (BML), its majority joint
venture partner in a new company yet to be incorporated. The loan agreement is intended to assist funding various costs within BML,
in anticipation of a future capital raising. The principal terms of the agreement are as follows:
The funding is capped at $1.5m;
Interest is calculated daily at a rate of 6% per annum;
The original term of the agreement is for a maximum period terminating on 10 July 2019, however this was extended for a
further six months; and
The loan is secured by a first ranking registered mortgage granted by BML over its right, title and interest in Mining Lease
M37/1167 (which holds the Bungarra gold deposit) under the Mining Act 1978 (WA)
