DGR Global secures short term debt funding
Date
11/30/2014 3:35:55 AM
(MENAFN- ProactiveInvestors)
() has entered into a short term secured C$2 million debt facility with Maxit Capital.
The facility has been guaranteed by Nicholas Mather a Director and major shareholder of the company.
DGR has been working on a strategy to explore debt-based funding options for financing generative and development programs without resorting asset sales or discounted equity issues.
The loan is for planned expenditures and working capital whilst the overall maturation of its current asset base continues.
DGR holds a number of listed assets that combined outweigh its current market cap.
These include 18% of (ASX:OBS) which has recently attracted a $0.65 takeover offer; a 25% interest in () 10.9% in (LSE:SOLG) 14% in AusNiCo (ASX:ANW) and 28% in ().
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