Centrex (ASX:CXM) subsidiary, Agrflex, secured a non-binding, conditional letter of indication from Export Finance Australia to strengthen the export capabilities of the Ardmore rock phosphate mine in Queensland, according to a Tuesday filing with the Australian bourse.
The proposed loan facility is up to $3.5 million and is subject to due diligence, binding legal documentation, and approval from Export Finance Australia's board, the miner said in the filing.
The company's shares rose almost 3% in recent Tuesday trade.
Price (AUD): $0.04, Change: $+0.00100, Percent Change: +2.86%
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