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FBR Ltd (ASX:FBR)

ALERT: Price-sensitive ASX Announcement for FBR
Current share price for FBR : $0.066 0.062 (1,550%)+
Announcement
Release
20 Jul 2026 9:46AM
Price at Release
$0.004
Full Release
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Summary
FBR Limited has entered into a Convertible Security Agreement with SBC Global Investment Fund to raise up to $900,000 through convertible notes, with a potential to increase funding to $3.87 million subject to certain conditions. The terms include issuing tranches of $450,000, with the first tranche proceeding without shareholder approval, while others will require it. Additionally, FBR has secured a $400,000 loan for short-term working capital, with a high weekly interest rate, maturing in October 2026. The company is also considering acquisition opportunities.
Key Points
  • FBR Limited entered a Convertible Security Agreement with SBC Global Investment Fund.
  • The agreement allows FBR to raise up to $900,000 initially and potentially up to $3.87 million.
  • The first and second tranches each have an issue price of $450,000.
  • Additional and optional tranches may be agreed upon later.
  • The first tranche is issued under FBR's existing capacity, with others requiring shareholder approval.
  • FBR also secured a $400,000 loan for short-term working capital needs.
  • The loan is unsecured with a 2.5% weekly interest rate, maturing on 12 October 2026.
  • FBR is exploring a potential acquisition to complement its 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.