Key Petroleum Limited (AU:KEY) has released an update.
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Key Petroleum Limited has announced a new A$200,000 unsecured Loan Agreement with ASF Group Limited, featuring a 10% annual interest rate and a maturity date on or before October 18, 2026. The funds will be used for working capital, offering flexibility in repayment terms for both parties. This financial move could provide Key Petroleum with more operational flexibility, potentially impacting its stock performance.
For further insights into AU:KEY stock, check out TipRanks’ Stock Analysis page.