Anax Metals Limited (ASX: ANX, Anax, or the Company) advises that it has entered into a second-rank security deed (Security Deed) with Mineral Development Partners Pte Ltd (MDP) in accordance with the binding term sheets announced on 5 May 2025.
On 19 May 2025, the Company issued 33,075 secured convertible notes to MDP (Convertible Notes).
The Convertible Notes are to be secured by a second-ranking security interest over the Company's fixed and movable assets, subordinated only to the existing Jetosea Pty Ltd secured loan of A$3.1 million ranking ahead of all other present and future unsecured and subordinated obligations (Security). The granting of the Security is subject to any third-party, shareholder and regulatory approvals that may be required, including FIRB. Please refer to the Company's announcements dated 5 May 2025 and 20 May 2025 for further information relating to Mineral Development Partners Pte Ltd and the terms of the Convertible Notes and Security.
This ASX announcement has been approved for release by the Board of the Company.
Contact:
Mr Geoff Laing
Managing Director
Anax Metals Limited
Email: info@anaxmetals.com.au
Tel: +61 8 6143 1840
Mr Lucas Robinson
Managing Director
Corporate Storytime
Email: lucas@corporatestorytime.com
Tel: + 61 408 228 889
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