Globe Metals & Mining (ASX:GBE) said that its director Bo Tan agreed to provide an additional loan facility of up to $1.2 million on an unsecured basis to assist with its short-term working capital requirements, according to a Thursday Australian bourse filing.
The facility will allow the mining firm to focus on completing the updated feasibility study, including securing off-take agreements, the filing said.
It will be able to draw funding from the facility in multiple portions, beginning with $200,000 on Feb. 15. The funding portions include another $200,000 on March 1, $200,000 on March 15, $300,000 on April 1, and $300,000 on April 15.
The term of the facility is eight months after the first drawdown and it carries an interest rate of 20% per annum accruing and payable daily, with interest to be capitalized daily and added to the aggregate principal amount outstanding.
Interest will be payable on unpaid overdue amounts at the rate of 0.5% per day.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。