(MENAFN- ProactiveInvestors)
’s () directors have collectively advanced A$500000 in secured loans to the company.
The loans are secured by a third ranking security charge over the company’s interest in the Fairway project. These will incur interest at the rate of 10% per annum payable in arrears and are repayable on 31 March 2017.
Target recently deferred a decision to divest its Fairway asset in the Permian Basin Texas pending the recovery of oil and gas prices.
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.