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DGR Global Limited (ASX:DGR)

ALERT: Price-sensitive ASX Announcement for DGR
Current share price for DGR : $0.023 0.011 (91.67%)+
Announcement
Release
25 Nov 2024 9:37AM
Price at Release
$0.012
Full Release
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Summary
DGR Global Limited has entered into a funding agreement with Samuel Holdings Pty Ltd to refinance existing debt, provide working capital, and cover ongoing legal expenses related to a Supreme Court case. The funding is structured in two tranches, with the first tranche providing up to $9.0 million and a second tranche potentially adding another $14.5 million. As Samuel is a related party, the agreement requires shareholder and regulatory approvals, which are to be sought by January 31, 2025. The deal will help DGR continue legal actions and assess the feasibility of a project related to SolGold.
Key Points
  • DGR enters into a funding agreement with Samuel Holdings Pty Ltd.
  • The agreement is for refinancing existing debt and providing working capital.
  • Funding includes two tranches: up to $9.0 million and potentially $14.5 million.
  • Samuel Holdings is a related party and requires shareholder approvals.
  • Approvals will be sought by January 31, 2025.
  • The funding will assist in ongoing litigation and project feasibility assessments.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.