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DGR Global Limited ( (AU:DGR) ) has shared an announcement.
DGR Global Limited has announced an additional $500,000 drawdown under its loan facility with Samuel Holdings Pty Ltd, which will provide the company with needed working capital. This financial arrangement is part of a broader plan to increase the facility by a further $1,000,000, contingent on regulatory and shareholder approvals. The board views this as a strategic move to support the company’s ongoing programs and secure necessary approvals, thereby strengthening its operational capabilities.
More about DGR Global Limited
DGR Global Limited is involved in the creation of resource exploration, development, and mining companies. The company leverages the expertise of a team of geoscientists to identify resource projects with potential for significant discoveries of valuable commodities. DGR Global focuses on commodities with a favorable long-term price outlook and operates in geological regions with strong resource potential, under-explored history, and opportunities for new exploration techniques.
Average Trading Volume: 1,380,859
Technical Sentiment Signal: Buy
Current Market Cap: A$36.53M
For a thorough assessment of DGR stock, go to TipRanks’ Stock Analysis page.