DGR GLOBAL LIMITED — Capital/Financing Update 2016

Sep 27, 2016

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Armour Energy Limited

28 September 2016

Extension of DGR Global Loan Facility

Further to its previous announcement of 29 July 2016, Armour Energy Ltd ( Armour, ASX: AJQ ) wishes to provide the following update in respect of the bridging loan facility ( DGR Global Loan Facility ) provided by DGR Global Ltd ( DGR, ASX: DGR ).

Extension of DGR Global Loan Facility

Armour is pleased to advise that it has secured an extension of the DGR Global Loan Facility to 31 December 2016 ( New Termination Date ). This three month extension has been agreed by DGR on the current terms of the facility which is secured and has an interest rate of 15% per annum. All other key terms of the DGR Global Loan Facility remain as previously advised.

DGR and Armour have today executed a variation to give effect to this extension.

Armour continues to progress negotiations with other third party / commercial financiers, and will update the market as and when able to do so.

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On behalf of the board Karl Schlobohm Company Secretary