Micro-X Ltd to amend its Loan Agreement with Thales

  • Nov 15, 2019 AEDT
  • Team Kalkine

Australian high-tech company Micro-X Ltd (ASX: MX1) has informed that it is amending the Convertible Loan Agreement with Thales AVS France SAS completed on the 2 July 2019 so that the convertible security under the Loan Agreement does not take effect unless and until it has been approved by Micro-X shareholders for the purposes of Listing Rule 7.1. A

  • The company has also informed that it is proceeding with a capital raising to fund its growth plans into 2020.
  • On 5 November 2019, the Company received confirmation that the ATO had approved its R&D tax rebate in an amount of around $3.56 million.

 

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