2023-04-10 06:57:54 ET
- DFR Gold ( OTCPK:DFIFF ) has announced a private placement of unsecured convertible debentures to certain insiders and management of the Company for total gross proceeds of $1.71M.
- The debentures will mature on 29 February 2024 and bear bear interest at a rate of 12.5% per annum, which is payable on the Maturity Date, unless the debentures are converted earlier.
- The Company intends to use the proceeds for drilling purposes and working capital.
- Source: Press Release
For further details see:
DFR Gold announces unsecured convertible debenture offering of $1.7M