AI assistant
ASF GROUP LIMITED — Capital/Financing Update 2022
Apr 28, 2022
64323_rns_2022-04-28_35840738-e27c-44d1-906f-76fc76be7e28.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
Level 1 100 Havelock Street West Perth WA 6005
==> picture [197 x 88] intentionally omitted <==
T: + 61 (0) 8 6160 6022
ABN: 50 120 580 618
29 April 2022
The Manager The Australian Securities Exchange The Announcements Office Level 4/20 Bridge Street SYDNEY NSW 2000
Dear Sir/Madam
LOAN AGREEMENT
Key Petroleum Limited attaches herewith an ASX Announcement pertaining to the Company’s finalisation of a Loan Agreement.
This announcement has been authorised by the Managing Director.
For more information please contact:
IAN GREGORY
Company Secretary Key Petroleum Limited
Telephone: +61 (0) 8 6160 6022 Email: [email protected]
Level 1 100 Havelock Street West Perth WA 6005
T: + 61 (0) 8 6160 6022
==> picture [247 x 109] intentionally omitted <==
ABN: 50 120 580 618
ASX:KEY
==> picture [512 x 19] intentionally omitted <==
ASX Announcement
29 April 2022
LOAN AGREEMENT
Key Petroleum Limited (ASX: KEY) (“Key” or “Company”) is pleased to announce that it has executed an A$250,000 Loan Agreement with ASF Group Limited (“ASF”). The Loan is unsecured.
Principal terms of the Loan include –
-
(a) Interest Rate – 10% per annum, payable on a quarterly basis,
-
(b) Maturity Date – on or before 31 December 2023,
-
(c) Repayment – the outstanding loan and any interest is repayable in cash –
-
(i) on the Loan Maturity Date; or
-
(ii) any time prior to the Loan Maturity Date by ASF giving 15 days written notice to Key; or
-
(iii) any time prior to the Loan Maturity Date by Key giving 15 days written notice to ASF.
-
The funds raised from the Loan will be used by the Company for working capital purposes.
For more information please contact:
IAN GREGORY
Company Secretary Key Petroleum Limited
Telephone: +61 (0) 8 6160 6022 Email: [email protected]