debt
confidence high
sentiment neutral
materiality 0.25
Propanc Biopharma enters loans totaling $120K AUD at 12% interest
Propanc Biopharma, Inc.
- First loan of $20,000 AUD on June 3, 2024, at 12% annual interest, maturing June 3, 2025.
- Second loan of $100,000 AUD on June 5, 2024, at 12% annual interest, maturing June 5, 2025.
- Proceeds used for general working capital; prepayment allowed without penalty.
- Loans issued under Section 4(a)(2) private placement exemption.