Adex Mining Inc. Secures New Loan and Extends Debt with Largest Shareholder
1 report, 1 independent
Updated Fri 00:00
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What happened
Adex Mining Inc. announced it entered into a new unsecured loan agreement with Great Harvest Canadian Investment Company Limited, its largest shareholder. The loan is for up to US$1,000,000, carries an 8% annual interest rate, and matures on January 1, 2028. The company also agreed to extend the maturity date of several previous loan agreements with Great Harvest to January 1, 2028.
From finanznachrichten.de
Why it matters
The agreement provides Adex Mining Inc. with new funding access and extends the maturity of existing debt obligations. This action is tied to the financial structure of Adex Mining Inc. and its relationship with its largest shareholder.
From finanznachrichten.de