Friday 12 December 2014

Otmane El Rhazi : Sundance extends Hanlong loan term

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



Iron-ore developer Sundance Resources has extended the maturity date of its existing A$5-million convertible note with Hanlong Mining Investment from the end of 2014 until the end of 2015. From January next year, Sundance would pay an interest rate of 10% a year on a quarterly basis on the outstanding convertible notes.

No comments:

Post a Comment