ASF Group Limited (ASX:AFA) Becomes Debt Free
Debt to Equity Conversion
ASF Group Limited executed a Debt to Equity Conversion Deed with Star Diamond Developments Limited, converting approximately $22 million in outstanding loans into 100% equity of its subsidiary ASF Resources Pty Ltd (ASFR).
ASFR and CMR Holdings
ASFR holds a 68.97% interest in Civil & Mining Resources Pty Ltd, which controls the Dawson West coal project in Queensland with 876Mt of JORC2012-compliant resources and approvals for a 1 million tonne sample pit.
About ASF Group Limited
ASF Group Limited (ASX:AFA) is a diversified investment company with over 40 years of history, focusing on property, resources, technology, and financial services.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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