debt
confidence high
sentiment neutral
materiality 0.30
Propanc Biopharma issues $90K promissory note and extends maturity of old note to June 15, 2025
Propanc Biopharma, Inc.
- Issued $90,000 principal promissory note at 10% interest for $75,000 purchase price; matures June 15, 2025.
- Extended maturity of $202,405.19 note with Ionic Ventures to June 15, 2025; no default for prior non-payment.
- Proceeds from new note to be used for general working capital.
- Note: 100% principal if repaid by June 7, 2025; 120% if repaid by July 7, 2025.