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Genmin Chair Injects A$2 Million Loan to Fuel Baniaka Iron Ore Push
2:55am on Monday 2nd of June, 2025 AEST
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Mining
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Genmin Chair Injects A$2 Million Loan to Fuel Baniaka Iron Ore Push
2:55am on Monday 2nd of June, 2025 AEST
Key Points
A$2 million unsecured loan from non-executive Chair Greg Lilleyman
Loan carries 12% annual interest, repayable by June 2026
Funds earmarked for general working capital needs
Potential future conversion of loan to equity pending approvals
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