Jura Announces Amendment to the Loan Agreement

Core Viewpoint - Jura Energy Corporation has amended its loan agreement, increasing the loan availability from US$4.3 million to US$6 million, with IDL Investments Limited now serving as the lender [1][2]. Loan Agreement Details - The loan is a non-convertible bilateral facility with a three-year term ending on July 22, 2027, and carries a fixed interest rate of 11% per annum [3]. - Approximately US$3.8 million has been drawn under the loan agreement as of the announcement date [2]. Related Party Transaction - IDL Investments Limited, which holds approximately 80.62% of Jura's common shares, is considered a control person, making the amendment a related party transaction [4]. - The amendment is exempt from formal valuation and minority shareholder approval requirements under MI 61-101 due to the terms being reasonable and not less advantageous than those from an arm's length transaction [4]. Company Overview - Jura Energy Corporation is engaged in the exploration, development, and production of petroleum and natural gas properties in Pakistan, operating through its subsidiaries Frontier Holdings Limited and Spud Energy Pty Limited [5].