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News: DRK Drake Resources says Brett Fraser to resign as chairman and enters financing deal

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    18/11/16
    16:08
    Post #: 20724911

    Nov 18 (Reuters) - Drake Resources Ltd (DRK)

    • Currently intended that Brett Fraser will resign as chairman of company
    • Board of Drake received various recapitalisation and funding proposals
    • Has entered into agreements with empire Capital Partners Pty Ltd to facilitate a medium term financing and recapitalisation of co
    • Total amount repayable under facility is $1.3 million
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