Mobio Technologies (TSE:MBO) has released an update.
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Mobio Technologies Inc. has announced the extension of a $200,000 CAD promissory note with Lanebury Growth Capital Ltd., with the loan’s maturity date pushed from June 30, 2024, to December 31, 2024, retaining its 12% annual interest rate. The transaction, involving companies with common controlling shareholders, has reportedly passed independent director approval without the need for minority shareholder consent or additional valuation. Mobio, known for its social promotions platform Strutta.com, emphasizes that all material information has been disclosed and regulatory requirements have been met.
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