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ADX Energy Ltd (ASX:ADX)

ALERT: Price-sensitive ASX Announcement for ADX
Current share price for ADX : $0.020 -0.016 (-44.44%)+
Announcement
Release
10 Mar 2026 11:48AM
Price at Release
$0.036
Full Release
download
Summary
ADX Energy Ltd announced the variation of Loan Note Agreements, extending the repayment of principal amounts totaling A$750,000 to 30 September 2027. This extension provides the company with financial flexibility to pursue various growth opportunities in Austria and Italy, including drilling activities, seismic data acquisition, and potential dual listing on the Oslo Børs’ Euronext Growth market. Originally issued in July 2023, the Loan Notes will continue to accrue interest at varying rates of 10% to 14% per annum. The strategic use of these funds aims to support ongoing well testing, exploration, and development activities, further positioning ADX Energy Ltd for future growth.
Key Points
  • Extension of Loan Note repayment to September 2027.
  • Total A$750,000 in Loan Notes affected.
  • Funds to pursue growth opportunities in Austria and Italy.
  • Ongoing well testing and exploration in Upper Austria.
  • Potential dual listing on Oslo Børs’ Euronext Growth market.
  • Interest rates on Loan Notes are 10% to 14% per annum.
  • Financial flexibility supports drilling and development activities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.