Business
Avenira Limited - Hebang Unsecured Loan Facility - 2nd Drawdown
Avenira Limited - Hebang Unsecured Loan Facility - 2nd
About this update from Avenira Limited
[{"type":"text","content":"Avenira Limited (ASX: AEV) ('Avenira' or 'the Company') advises that it has drawn down a further $2 million under the $7.567 million unsecured draw down loan facility.\nAs announced on 10 March 2025, Avenira secured a further significant investment commitment from its largest shareholder, Sichuan Hebang Biotechnology Corporation Limited (SHSE: 603077) ('Hebang') for Hebang to subscribe $7.567 million to a placement at an issue price of $A0.007 per share subject to shareholder and any other required regulatory approvals.\nTotal drawdowns under the facility now total $4 million. The purpose of the loan facility is to ensure the Company has sufficient funds to progress the development of the Wonarah project whilst awaiting these approvals.(C) 2025 Electronic News Publishing, source ENP Newswire","length":1209,"tagName":"div"}]