StockMarketWire.com - SolGold (SOLG) executed a short-term unsecured loan agreement with DGR Global to provide up to $7 million in funding for the period through to 31 December 2016. The loan agreement covers recent advances made by DGR Global and SolGold's likely future short-term working capital requirements. The loan bears interest of 9.5% per annum and is repayable by SolGold on the earlier of any capital raising event, or 31 December 2016. Interest accrued on the loan is only payable on the repayment date. DGR Global can, at its sole election, convert all or part of the loan, including accrued interest, into equity of the company in the event that SolGold conducts an equity capital raising, at the same price as third party participants, subject to DGR Global and SolGold obtaining all necessary regulatory approvals. DGR Global currently holds a 15.99% interest in the issued ordinary share capital of SolGold and is a related party to SolGold. Story provided by StockMarketWire.com