Norwood Systems Amends Loan Agreement with Balmain Resources for Sixth Time

MT Newswires Live

2025/02/14

Norwood Systems (ASX:NOR) has amended its loan agreement with Balmain Resources for a sixth time, raising the principal amount to AU$732,189.69, including interest and fees, according to a Friday filing with the Australian bourse.

The due date has also been extended to Feb. 28 from Feb. 14. The loan was secured in April 2024 with an original amount of AU$300,000.

Balmain Resources is a company controlled by Norwood Systems director John Tarrant, the filing said.

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