DRA 0.00% $1.96 dra global limited

According to the Hong Kong listing documents May 15th 2018...

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    According to the Hong Kong listing documents May 15th 2018
    Dragon had used A$5 million the AP-finance (a major shareholder´s company)
    loan facility. It was reported 28 April with Q1 report,  that 2 million of 6 was used.
    There was also some information after the Q1, but the 12 April  1 million was not
    announced.

    On 28 March company reported the change of
    the repayment date of the Loan Facility from 15 February 2019 to 31 October 2019.
    -Interestingly it was not reported that they drew down 2 million on March 14th.

    On 5 July they reported that the parties have agreed to increase the Loan Facility by
    A$2 million to up to A$8 million (equivalent in HK dollars).
    -Interestingly it was not reported that they drew down 5 million until May 15th
    and one may wonder if even more has been taken...

    As it is quite obvious, that Dragon will not be able to repay the loan
    until dead line 30 October 2019, it would be important to know
    what is the "additional interest rate due to defaults in repayments",
    see page 269. c)
    http://www.hkexnews.hk/app/sehk/2018/2018052305/a15436/EDM-20180523-21.PDF

    Hong Kong information
    - On  14 March, the Company drew down A$2 million;
    - On  12 April, the Company drew down A$1 million;
    - On 10 and 15 May the company drew down a further A$2 million.
    ... the company has A$2 million in undrawn funds remaining.
    this is on page 75/76
    http://www.hkexnews.hk/app/sehk/2018/2018052305/a15436/EDM-20180523-30.PDF

    ASX Announcements about loan facility

    ASX ANNOUNCEMENT 28 MARCH 2018
    EXTENSION OF LOAN FACILITY On 15 February 2017, Dragon Mining Limited (ASXRA) (“Dragon Mining” or “the Company”) advised that the Company had entered into a revolving loan facility (“Loan Facility”) with AP Finance Limited (“APFL”), a company associated with Allied Properties Resources Limited (“Allied”) for up to A$6 million equivalent in HK dollars in unsecured standby funding. The Company advises the parties have agreed to extend the repayment date of the Loan Facility from 15 February 2019 to 31 October 2019. All other terms and conditions of the Loan Facility remain unchanged. For and on behalf of Dragon Mining Limited
    https://hotcopper.com.au/threads/ann-extension-of-loan-facility.4105090/


    ASX ANNOUNCEMENT 5 JUNE 2018
    CHANGES TO LOAN FACILITY
    On 15 February 2017, Dragon Mining Limited (ASXRA) (“Dragon Mining” or “the Company”) advised that
    the Company had entered into a revolving loan facility (“Loan Facility”) with AP Finance Limited (“APFL”), a
    company associated with Allied Properties Resources Limited (“Allied”) for up to A$6 million equivalent in HK
    dollars in unsecured standby funding. On 28 March 2017, the Company advised that the repayment date
    had been extended to 31 October 2019.
    The Company advises that the parties have agreed to increase the Loan Facility by A$2 million to up to A$8
    million equivalent in HK dollars.
    All other terms and conditions of the Loan Facility remain unchanged.
    The funds will be used to accelerate the commencement of test mining at the Company’s Faboliden Project.
    For and on behalf of
    Dragon Mining Limited
    https://hotcopper.com.au/threads/ann-changes-to-loan-facility.4228531/
 
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