NSX code: IGH
21 October 2021
Suite 103, Level 1,
2 Queen Street,
Melbourne VIC 3000
Telephone 03 8395 5446
Facsimile 03 8678 1747
ABN 28 611 470 010
Loan Agreement
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i-Global Holdings Limited ("Company") has raised $275,000 via a loan from GA Skylight Berhad. GA Skylight Berhad is a related party to Company Director Mr. Koon Lip Choo.
The loan amount is convertible into Shares at a conversion price of A$0.005 (0.5 cents) per Share subject to applicable shareholder and regulatory approval requirements. Where the loan is converted to Shares at an agreed date that is no more than 1 year after the initial issue date, the loan will accrue no interest. Loan amounts that do not convert will accrue interest of 10% per annum on the loan sum until the date the loan sum is repaid.
Funds raised under the loan will be used to repay existing loans previously extended to the Company by Company Director Mr. Koon Lip Choo ($250,000) and for working capital ($25,000).
Justyn Stedwell
Company Secretary
i-Global Holdings Limited
T: 03 8395 5446
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I-Global Holdings Ltd. published this content on 21 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2021 00:33:03 UTC.