"Pursuant to the Merger, Peak and Octanex have agreed, subject to final terms, to enter into a loan facility whereby Octanex will lend to Peak funds required to progress Peak’s projects, and to also provide working capital, in advance of completing the Scheme. This loan facility will be secured by a charge over Peak’s assets and will be struck on commercial terms. Pursuant to this loan facility, the ASX has granted to Peak a waiver from Listing Rule 10.1"
OXX Price at posting:
13.5¢ Sentiment: LT Buy Disclosure: Held