WDR 0.00% 14.5¢ western desert resources limited

Takeover, page-17

  1. 254 Posts.
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    Here are the last two paragraphs of the last report:
    Subsequent to the end of the June Quarter, WDR has secured a $5 million working capital finance facility from Hamerroo Pty Ltd, a related party of Mr Bruce Mathieson, which is subordinated to the MBL primary debt facility.
    Mr Mathieson has expressed a desire to convert any drawn debt under the facility to equity as a further show of faith in the Company and Project. The WDR Board will put this resolution for Shareholder Approval at the Company’s next scheduled Annual General Meeting.

    It will be interesting to see at what price he can purchase this tranche of shares off market.
 
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Currently unlisted public company.

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