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clock Created with Sketch. 09/08/24
11:43
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Originally posted by mrwalker:
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From Section 7.6 of the latest quarterly:The Company has entered into a funding agreement with RiverFort Global Capital Ltd (RiverFort) for the provision of an aggregate loan of up to A$1,000,000 (Loan). The loan term is for four months from the Execution Date (“Maturity Date”) being 24 April 2024. The loan attracts a 10% fixed coupon paid in cash on the Maturity date. A first ranking general security over all present and after acquired property of the Company. The Principal and Interest shall be repaid in cash on or before the Maturity Date. If the Company elects not to repay any outstanding Principal and/or Interest balances in cash on or before the Maturity Date, Extension Terms shall apply thereafter.
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Why would 1 shareholder get information that others are not aware of and chip in such funds.
(20min delay)