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Why Are Genmin Directors Increasing Loans Ahead of Baniaka’s Big Push?
8:24am on Friday 31st of October, 2025 AEDT
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Why Are Genmin Directors Increasing Loans Ahead of Baniaka’s Big Push?
8:24am on Friday 31st of October, 2025 AEDT
Key Points
A$3 million unsecured loan from Tembo Capital novated to entity linked to director John Hodder
Non-executive directors John Hodder and Greg Lilleyman increase loans by A$0.2 million each
Loans accrue 12% interest and are unsecured, repayable by June 2026 or convertible to equity
Funds available immediately to support general working capital and project financing efforts
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