Loans are now at least 7 million AUD, repayment at the end of next year
and substantial part of the remaining 5 million loan facility may be needed
this and next year.
On 20 July and 17 August 2018, the Company drew down an additional $2.0 million in total from its unsecured Loan Facility with AP Finance Limited. The drawdown was used to fund existing development projects and to provide additional working capital.
On 27 August 2018, the Company increased its Loan Facility by A$4.0 million, bringing the total Loan Facility to the AUD equivalent of $12.0 million. In addition, the repayment date was revised from 31 October 2019 to 31 December 2019. At the date of this report A$5.0 million remained undrawn.
