The additional loan facility was negotiated under a loan agreement previously entered into with Star Diamond Developments earlier this year, with the new funds taking the total facility to $10 million.
So far only $1 million of the additional $2 million facility has been drawn down.
The acquisition of ActivEX would provide ASF with exposure to an extensive portfolio of prospective copper and gold projects in Queensland, as well as an advanced potash project in Western Australia.
"Significant funds need to be committed to achieve these goals and ASF can assist plus introduce potential partners and investors to enable the full value to be enhanced within ActivEX."
ASF held around $2.1 million in cash at the end of the March 2013 quarter.
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