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Papyrus Australia Limited (ASX:PPY)

ALERT: Price-sensitive ASX Announcement for PPY
Current share price for PPY : $0.008 -0.001 (-11.11%)+
Announcement
Release
14 Aug 2026 9:26AM
Price at Release
$0.009
Full Release
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Summary
Papyrus Australia Limited (ASX: PPY) has secured additional funding of $500,000 through four unsecured loan agreements with professional and sophisticated investors. This funding is supplementary to a previous $500,000 secured in December 2025. The new loan agreements allow each lender to provide up to $125,000 at an interest rate of 1.5% per month. The funds can be requested by Papyrus at any time and must be delivered within 5 business days. The loans are intended to be converted into Tranche 2 Unsecured Convertible Notes, subject to shareholder approval. The company plans to use the funds for commercialisation activities and fulfilling a contract to manufacture environmentally friendly products for TBS Mining Solutions Pty Ltd. Additionally, Papyrus has engaged L39 Capital Pty Ltd as a lead manager to assist with capital-raising activities, wherein L39 will receive a success fee and stock options contingent upon shareholder approval.
Key Points
  • Papyrus secures $500,000 through unsecured loans.
  • Loans are from professional and sophisticated investors.
  • Previous $500,000 in loans converted to notes.
  • Interest rate on new loans is 1.5% per month.
  • Funds intended for commercialisation and contracts.
  • L39 Capital engaged for capital-raising management.
  • Shareholder approval needed for converting loans to notes.
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.