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%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.