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Norwood Systems Extends $732k Loan Facility Amid Ongoing Funding Needs
7:53am on Monday 2nd of June, 2025 AEST
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Norwood Systems Extends $732k Loan Facility Amid Ongoing Funding Needs
7:53am on Monday 2nd of June, 2025 AEST
Key Points
Sixth variation to loan agreement increases principal to $732,189.69
Repayment date extended to 28 February 2025
Loan provided by Balmain Resources, controlled by director Dr John Tarrant
Interest and fees capitalised multiple times, reflecting ongoing funding reliance
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