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ASF GROUP LIMITED — Capital/Financing Update 2017
Nov 13, 2017
64323_rns_2017-11-13_6f537226-8d8e-4c55-a82e-03e391f1ce8c.pdf
Capital/Financing Update
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ActivEX Limited A.C.N. 113 452 896
Suite 1, Level 1 12 Creek Street BRISBANE QLD 4000
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P.O. Box 1533 Milton QLD 4064 P: (07) 3236 4188 E: [email protected] W: activex.com.au
14 November 2017
The Manager Company Announcements Office Australian Stock Exchange
Via Online Electronic Lodgement
$1 MILLION LOAN FACILITY
ActivEX Limited (“ActivEX”) is pleased to announce that the Company has entered into a Loan Facility Agreement (“Loan Facility”) with ASF Group Limited (“ASF”). Pursuant to the Loan Facility, ASF will provide up to $1 million in standby funding under which ActivEX can draw down as required, to fund its exploration activities and general working capital.
Interest will accrue daily at a rate of 12% per annum. Repayment of the loan facility is due on 13 November 2018, or earlier at ASF’s election and upon 3 months’ notice to ActivEX.
As at the date of this announcement, ASF holds approximately 19.62% of the issued share capital of ActivEX.
For further information contact: Mr Grant Thomas, Managing Director or Mr Craig McPherson, Company Secretary