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DGR GLOBAL LIMITED — Capital/Financing Update 2019
Mar 18, 2019
64771_rns_2019-03-18_cdbcccee-ad5c-42d0-9c8d-9bb756e292c2.pdf
Capital/Financing Update
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DGR Global Limited
19 March 2019
Participation in Armour Energy Financing Transaction
The Board of Directors of international resource company creator, DGR Global Limited ( the Company; ASX: DGR ), notes the market release made this morning by Armour Energy Limited in relation to its debt financing transaction. DGR Global currently owns 22% of the shares of Armour, together with 95,809,298 Convertible Notes priced at 11 cents each.
Armour Energy has announced its intention to raise up to $55m via the issue of secured and amortising notes (the New Notes ) on the terms outlined in its market release this morning. Proceeds from the issue of the New Notes will be applied by Armour to the redemption of all of its existing Convertible Notes on issue, with the balance of funds to be retained for working capital and field program expenditure.
As part of the transaction, DGR Global has agreed to apply $10m of the amount owing to it under the existing Convertible Notes as an investment in the New Notes.
Armour intends to make a further announcement regarding the status of the transaction within the next two days.
On behalf of the Board Karl Schlobohm Company Secretary
Electronic copies and more information are available on the Company website: www.dgrglobal.com.au
Email: [email protected] Twitter: @DGRGlobal
For further information contact:
Mr Nicholas Mather Karl Schlobohm Managing Director Company Secretary Ph: 07 3303 0680 Ph: 07 3303 0680
About DGR Global Limited
DGR Global’s business is the creation of resource exploration development and mining companies.
The business uses the skills of a core team of talented geoscientists to identify resource projects capable of yielding world class discoveries of attractive commodities.
This is achieved through:
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The identification of commodities with a favorable 20 year price outlook.
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Geological terranes with:
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A demonstrated strong endowment for that commodity;
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An under‐explored history;
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Opportunity for the application of recently developed exploration techniques;
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Jurisdictions with improving socio‐economic and regulatory frameworks;
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Extensive available tenures.
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DGR Global Limited ACN 052 354 837
street: Level 27, 111 Eagle Street post: GPO Box 5261 Brisbane QLD 4001
p +61 7 3303 0680 f +61 7 3303 0681 e [email protected] w www.dgrglobal.com.au
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Get regular news from DGR Global on social media
As a valued shareholder, you can now stay up to date of forces influencing the value of your investment in DGR Global by following us on Twitter. We regularly post information about the operations of us and the DGR companies as well as what is happening in our sectors around Australia and around the world ‐ with links to documents in the media, brokers, and other authoritative sources so you can stay up to date. As well, our posts on Twitter will alert you to our latest ASX announcements. Join the hundreds who follow us on Twitter @DGRGlobal . We've also added to our website a corporate newsroom with monthly news flow concerning DGR and the DGR sponsored companies. Located under News Bank in the investor section of the DGR website: www.dgrglobal.com.au
DGR Global Limited ACN 052 354 837
street: Level 27, 111 Eagle Street post: GPO Box 5261 Brisbane QLD 4001 p +61 7 3303 0680 f +61 7 3303 0681 e [email protected] w www.dgrglobal.com.au