Austral Gold Limited (AU:AGD) has released an update.
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Austral Gold Limited has secured a US$2 million loan from its largest shareholder, Inversiones Financieras del Sur SA, with a 7% annual interest rate and a two-year term. The funds will be used as working capital, with repayment options in cash or shares, and are subject to shareholder approval due to the related party nature of the transaction.
For further insights into AU:AGD stock, check out TipRanks’ Stock Analysis page.
