Nagambie Resources Limited (ASX:NAG) Increases Flexible Working Capital Facility by $1 Million
Financial Facility Increase
Nagambie Resources Limited (ASX: NAG) has increased its flexible working capital facility from $2 million to $3 million with PPT Nominees Pty Ltd. The additional $1 million will support the new antimony-gold resource drilling program at the Nagambie Mine and augment working capital as required.
Facility Terms
The increased facility includes a principal of $3 million, a facility fee of $30,000, and is available until 13 September 2025. Interest is set at 10% per annum, payable quarterly in arrears. The company may draw down between $100,000 and $500,000 monthly and can make repayments at any time without penalty.
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