Austral Gold Announces Repayment of Related Party Loan
Newsfileยท2025-09-08 01:24
Core Points - Austral Gold Limited has fully repaid a US$2,000,000 loan along with accrued interest of US$133,000 to Inversiones Financieras del Sur SA (IFISA) [1][8] - The repayment was made through the transfer of 6,797,843 shares of Unico Silver Limited at a price of A$0.48 per share [4][8] - Shareholder approval for the transaction was obtained at the Annual General Meeting held on May 29, 2025, in accordance with ASX Listing Rule 10.1 [3][8] Company Overview - Austral Gold is a growing gold and silver mining producer focused on building a portfolio of quality assets in the Americas, emphasizing production, exploration, and equity investments [5]