Norwood Systems Amends Loan Agreement with Balmain Resources for Seventh Time

MT Newswires Live

02/26

Norwood Systems (ASX:NOR) has amended its loan agreement with Balmain Resources for a seventh time, raising the principal amount to AU$744,467.65, including interest and fees, according to a Wednesday filing with the Australian bourse.

The due date has also been extended to March 14 from Feb. 28. 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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