31
Jan
01:32
Iron Road secures financing security from major shareholders
Australian iron ore producer Iron Road has secured AUD 1 million ($660,000) in loans from a major shareholder, Kallanish notes.
Iron Road says in a statement that its long-term major shareholder Sentient Executive GP IV has agreed to make an interest free convertible note loan facility available to the firm.
The loans to be advanced under the facility are repayable by 30 June 2024.
At Sentient’s election, the financing facility may be partially or fully s…
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