Non-executive Chair provides A$2.0 million in funding
Filed with ASX · · 3 pages · English
Summary by 6ix AI
Genmin Ltd. has announced a loan agreement with an entity related to its non-executive Chair, Greg Lilleyman, for funding purposes. The loan amount is significant and will be used for general working capital as the company progresses its Baniaka iron ore project in Gabon. The loan is unsecured and accrues interest, with potential future repayment through equity issuance subject to approvals.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Earlier from Genmin
- Appendix 5B
- Baniaka construction collaboration and funding procurement
- Gabon completes peaceful Presidential Election
- Baniaka early works commenced, Oval Advisory retained
- A$3 million unsecured loan facility
Later from Genmin
- Non-binding term sheet for US$3m unsecured convertible note
- Total funding of A$1.0 million provided by Directors
- Quarterly Cashflow Report Appendix 5B
- Quarterly Activities Report
- Additional director loan funding
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