RDG 1.67% 3.0¢ resource development group limited

Bullseye Loan

  1. 37 Posts.
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    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)
 
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Last
3.0¢
Change
-0.001(1.67%)
Mkt cap ! $87.05M
Open High Low Value Volume
3.0¢ 3.0¢ 3.0¢ $5.9K 200K

Buyers (Bids)

No. Vol. Price($)
2 136941 2.9¢
 

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Price($) Vol. No.
3.0¢ 324791 2
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