RE: Re the loan9 Jan 2026 17:38
Loan Facility:
The $2.0 million Loan facility ("Loan Facility") previously announced on 2 February 2023 (and amended and announced on 12 May 2023) has been amended further. This amendment has the effect of extending the Loan Facility for a further 18 months (to 2 February 2026), and has been agreed by all parties to the Loan Facility. Extending the facility supports the Company's working capital position, providing additional headroom for reinvesting cashflows into the Company's extensive portfolio of opportunities, generating future value and returns for shareholders.
The terms of the extended Loan remain substantially the same as the previous loan: carrying an interest rate of 16% p.a., payable quarterly in arrears in cash. The Company can continue to elect to repay amounts outstanding under the Loan at the end of each quarter, in part or in full, subject to a 2% early repayment fee.
The debenture provided by the Company to the lenders as security, providing a fixed and floating charge over the Company's property and assets, is also extended for the same period as the Loan.