TSX: ASO
AIM: ASO
Loan Agreement
The Company intends to draw down the entire amount available under the New Facility in the coming days, with the funds being made available for general working capital purposes. The New Facility is unsecured and is subordinated to the Company's existing facilities. Interest will be charged on the drawn amount at a fixed rate of 3.0 per cent per annum. The New Facility is due to be repaid in full no later than 12 months following drawdown. There is no early repayment penalty. Following drawdown of the New Facility, the balance of working capital loans provided by AJL to the Company is
Related Party Transaction (AIM Rule 13)
AJL owns and controls 79,861,477 common shares representing, on a non-diluted basis, approximately 97.90% of the issued and outstanding common shares of the Company. As a result, entering into the New Facility constitutes a related party transactions under the AIM Rules for Companies. The independent directors of the Company, being Mr
The entry into the New Facility is also a related party transaction for the purposes of Multilateral Instrument 61-101 – Protection of Minority Shareholders in Special Transactions ("MI 61-101") in
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Market Abuse Regulation (MAR) Disclosure
Certain information communicated in this announcement was, prior to its publication, inside information for the purposes of Article 7 of Regulation 596/2014.
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