Nkwe Platinum Limited Enters into an Unsecured Loan Facility Agreement for AUD 6,400,000 with Gold Mountains (H.K.) International Mining Company Limited
June 22, 2018 at 05:11 am EDT
Nkwe Platinum Limited advised that it has entered into an unsecured loan facility agreement for AUD 6,400,000 with Gold Mountains (H.K.) International Mining Company Limited. The funds must be used for working capital purposes only or as approved by Gold Mountains. The key terms of the Loan Agreement are: Facility Amount: AUD 6,400,000.00; repayment Date: 24 months following the execution of the loan agreement; Interest: 5% per annum.