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The $600,000 loan was to Milestone Sports, originally 500k unless extension of HOA was required, which it was, this added a further 100k.

Below is the snip from original release.

4. Working Capital Loan
Concurrently with the execution of the HOA, the Company shall extend to Milestone
Sport a convertible loan facility in an aggregate amount of US$500,000, to be
documented under a convertible loan agreement, to provide working capital
funding (Loan). The key terms of the Loan are as follows:
(a) the Loan will be for an amount of US$500,000, unless the Company extends
the end date under the HOA by 1 month, in which case the Loan will increase
by an amount of $100,000 to $600,000;
(b) the Loan proceeds are to be used solely in accordance with Milestone
Sport’s operating budget as agreed between the parties and contained in
the HOA;
(c) the Loan will be available 2 business days following execution of the Loan;
and
(d) repayment of the Loan will be occur on the earlier (to the extent such occurs)
of:
(i) should settlement of the Acquisition occur, the Loan will become an
intercompany loan with repayment to be agreed between the
Company and Milestone Sport; and
(ii) should settlement of the Acquisition not occur, unless the parties
agree that the outstanding Loan amount be repaid in cash, the
outstanding amount of the Loan will be converted into Milestone
Sport Shares according to the following formula:
TCS=OM/CSP
TCS means the total number of conversion shares to be issued on the
End Date
OM means the outstanding amount of the Loan
CSP means the deemed price per Milestone Share which shall be
based on a pre-money valuation for Milestone Sport of US$1.7m. ilestone Sport of US$1.7m.