March 19 (Reuters) - Resource Development Group Ltd (RDG) :
- TO ACQUIRE 100% INTEREST IN MANGANESE TENEMENTS ANT HILL AND SUNDAY HILL FROM MINERAL RESOURCES LTD
- MRL IS TO RECEIVE ABOUT 1.90 BILLION RDG SHARES; THERE IS NO CASH PAYABLE
- MRL TO ADVANCE WORKING CAPITAL FUNDS TO RDG VIA SECURED LOAN OF UP TO $35 MILLION FOR 5 YEARS WITH INTEREST RATE OF 8.125% PA
- MRL WILL TRANSFER TENEMENTS TO RDG IN RETURN FOR A 75% SHAREHOLDING IN RDG
News: RDG Resource Development To Acquire 100% Interest In Manganese Tenements From Mineral...
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