debt
confidence high
sentiment neutral
materiality 0.30
Propanc Biopharma enters $175K AUD loan with Aggro Investments at 12% interest
Propanc Biopharma, Inc.
- Loan principal $175,000 AUD from Aggro Investments Pty Ltd, due in 4 months or less at company's discretion.
- $70,000 AUD due Feb 28, 2024; $105,000 AUD due April 2, 2024; interest 12% per annum monthly.
- Additional $15,000 AUD loaned for working capital between Nov 13 and Dec 3, 2024.
- Proceeds to repay existing debt, regulatory expenses, and general working capital.