Source - SMW
Xtract Resources has drawn down £750,000 from its existing SEDA with YA Global Master (YAGM).

In accordance with the terms of the SEDA, which was extended on 9 May 2016 to 31 December 2017, the Company has issued YAGM with 1,875,000,000 new Ordinary Shares at a price of 0.04p per share.

The funds will be used for ongoing working capital requirements as well as to repay £200,000 of the outstanding debt provided to the Company by YAGM.