(b) IGS entered into a loan agreement in May 2014 for an amount of $200,000.
The loan is interest bearing at 10% and matured in March 2015. The directors are currently negotiating an extension.
(c) IGS entered into a loan agreement in September 2013 for an amount of $350,000.
The interest on the loan is at 12% per annum and matured in March 2015. The directors are currently negotiating an extension.
(d) The company entered into a loan agreement in May 2015 for an amount of USD$160,000. The loan is interest bearing at 10% and matured in June 2015.
If you look at Sages IPO (nsxa)
The last audited report. You will see lots of these small loans as well listed to Sage and his many sub's.
So in these loans and the last CR. (Still to be passed by shareholders).
Is were he could possibly be lurking.
Nice little tie up here between Sage and pete in RRS, NKP, IPO. (Which was named international goldfields) Okap's Brewer put in as company secretary of IPO after a $8m loan from Range to IPO disappeared along with the asset is was supposedly to be secured against.
Just in case you want to know why I mentioned loans to IPO.
Annual report.
Impairment. Page 49
Impairment of Investment in International Petroleum (30,000)
IGS Price at posting:
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