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An announcement from Lanebury Growth Capital Ltd. ( (TSE:LLL) ) is now available.
Lanebury Growth Capital Ltd. has announced the combination and extension of the maturity date for its existing loans with Code Consulting Limited into a new promissory note, maintaining a 12% annual interest rate. Additionally, Lanebury has provided a $238,905 CAD loan to Mobio Technologies Inc., also with a 12% interest rate, which is a related party transaction due to shared control by Mr. Lance Tracey. The transactions were approved by Lanebury’s independent directors and exempt from certain regulatory requirements.
More about Lanebury Growth Capital Ltd.
Lanebury Growth Capital Ltd. is an investment company that focuses on creating a portfolio of high-quality investments in technology start-ups. The company primarily targets investments with a scalable monthly revenue model leveraging internet and mobile technologies.
YTD Price Performance: 0%
Average Trading Volume: 2,978
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$928.9K
For a thorough assessment of LLL stock, go to TipRanks’ Stock Analysis page.
