MGT Resources (ASX:MGS) has been granted an ASX trading halt in relation to the signing of a deed of variation regarding the issue of convertible notes to Auskong International Mining Investment Co., Limited.
The company was expecting to receive $1.5 million from Auskong in exchange for the issue of 50 million unsecured convertible notes.
It has received $750,000 to date and a Deed of Variation has been drafted and is awaiting signing by both parties.
This will extend the issue date to 10th June 2015.
The halt will last until the earlier of the signing of the Deed of Variation or the start of trade on Tuesday, 5th May 2015.
