debt
confidence high
sentiment neutral
materiality 0.10
Propanc Biopharma enters two loan agreements totaling AUD $120,000 at 12% interest
Propanc Biopharma, Inc.
- First loan of AUD $20,000 on June 3, 2024; 12% annual interest; matures June 3, 2025.
- Second loan of AUD $100,000 on June 5, 2024; 12% annual interest; matures June 5, 2025.
- Both loans for general working capital; company may prepay without penalty.
- Loans issued as unregistered securities under Section 4(a)(2) and Rule 506.