Black Dragon Gold ( TSXV:BDG). and RMB Australia Holdings Ltd. have agreed to close the repurchase of the RMB $10-million (U.S.) debt facility by or before Jan. 20, 2017. The parties will continue to work together to close the transaction as soon as practicable.
The facility will be assigned to Black Dragon for total consideration of $3,051,764.62 (U.S.), plus interest. If the transaction closes on Jan. 20, 2017, the total consideration due, including interest, will be $3,148,076.01 (U.S.).
Brian Wesson commented: “The company appreciates the support of RMB and looks forward to closing on the agreements. The company continues to explore various financing propositions and progressing with stakeholder engagement; we will update the market shortly on progress.”
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