Goodheart,

According the 8 July NR below, Frank also the option of converting KWG loan ($1.4M) into DDI shares? That would be quite a few shares: 1.4/0.05 = 28Ms + 14Mwt @0.10. So for $1.4M (= $1.4 loan, coincident, or convoluted?) KWG can get another 14Ms, for a total of 42Ms, which is a large percentage of DDI (54Ms_OS and 83s_FD, but not sure if these numbers are current). The German connection (for Frankfurt listing, buyers, etc.) is quite interesting.

BTW, what does "purchasers for Debut's holdings of shares and warrants of KWG" (underlined in the NR) mean?

DDI has KWG shares? If so, a significant chunk?

goldhunter

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8 July 2014 NR: ...Debut intends to convert its outstanding indebtedness to KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6) ("KWG") into new treasury shares and warrants of Debut to discharge a fixed and floating charge to KWG securing $1.4 million of advances. These were made under a loan agreement dating to KWG's distribution of the shares of Debut by way of a return of capital dividend to its shareholders. Under the terms of the agreement the debt may be converted at KWG's option into shares of Debut at $0.05 per share. Debut has proposed by way of incentive to KWG that the conversion include a full warrant with each share, exercisable for five years at $0.10. The Nordwert engagement also extends to the identification of one or more purchasers for Debut's holdings of shares and warrants of KWG.