Comet Ridge Refinances, Extends AU$9.5 Million Loan Facility

MT Newswires Live

05/21

Comet Ridge (ASX:COI) said that an existing AU$9.5 million loan facility with PURE Asset Management Resources Fund has been refinanced and extended via a deed of amendment and restatement, according to a Wednesday ASX filing.

The facility, originally due to be repaid in September, has been extended to June 30, 2027. It still carries an interest rate of 12% per annum.

PURE Asset Management arranged for a co-investment of AU$3.5 million into the refinanced facility from two family office investors, reducing its loan amount to AU$6 million.

Comet Ridge added that 55 million new warrants, expiring June 30, 2028, and carrying an exercise price of AU$0.16 per warrant, will be issued. Around 39.4 million tranche-one warrants from the existing facility will be cancelled.

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Around 39.4 million tranche-one warrants from the existing facility will be cancelled.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COI.AU","symbol_name":"COMET RIDGE LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2537620330","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537620330","pubTimestamp":1747789342,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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