RLF AgTech (ASX:RLF) has further reduced its deferred debt by approximately AU$709,000 following a variation to its aggregated payables deferral agreement with RLF Global and Rural Liquid Fertilisers, according to a Wednesday Australian bourse filing.

As part of the agreement, Director Gavin Ball acquired the remaining 60% of RLF Global, gaining full ownership while the company agreed to defer repayment by up to nine months, until Dec. 31, to support the company's cash flow but the company may pay earlier if cash flow allows.

RLF Global has waived the 5% annual interest on the repayment, effective from July 1, and has no security interest over the unpaid repayment, according to the filing.

The company's shares fell 4% in recent Wednesday trade.

Price (AUD): $0.05, Change: $-0.0020, Percent Change: -3.70%