Strong Balance Sheet facilitates 2018 R&D Loan Repayment
Filed with ASX · · 3 pages · English
Summary by 6ix AI
Northern Minerals Limited has announced the full repayment of its R&D loan facility for the previous year, supported by recent capital raises. The company received significant funds from a placement and a share and convertible note subscription, enhancing its financial position. Additionally, the company is working with the Australian Taxation Office to expedite the assessment of its R&D cash refund claim. The board has decided against a proposed bonus issue of options and is considering a potential entitlement offer.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Northern Minerals Limited on 6ix
Story so far
Earlier from Northern Minerals
- $15 million Share and Convertible Note Subscription Secured
- NTU - Positive signs for rare earth sector
- NTU - Further $3.5 million placement funds received
- NTU Initial $3.5 million placement funds received
- NTU strengthens balance sheet with $20m placement
Later from Northern Minerals
- NTU - Extension drilling commenced at Dazzler and Iceman
- NTU access upgrade from WA Government in State Budget
- NTU - R&D Claim Update
- NTU - Encouraging portable XRF results from Dazzler drilling
- Placement completed, 2 debt facilities closed & ATO update
Follow Northern Minerals into a list and get an email when it puts out news.
Follow Northern Minerals