Core Points - Novra Technologies Inc. has announced a partial closing and a third extension of its Convertible Loan Agreement with SNAPS Holding Company, initially announced on September 10, 2024 [1][2] - Under the agreement, SNAPS will provide US $9 million (CA $12.3 million) for a two-year term at an interest rate of 1% per annum, with the first tranche of US $500 thousand received in June [2] - The closing date for the remaining US $8.5 million has been extended to on or before December 15, 2025, with future tranches requiring TSXV approval [3] Financial Details - The loan can be converted into Novra common shares at CA $0.34 per share, with up to 2,002,944 shares potentially issued if the full amount is converted [2] - The company has received TSXV approval for the initial US $500 thousand tranche [2] Company Governance - Novra's Directors were re-elected at the Annual General Meeting held on June 27, 2025, with no material changes resulting from the meeting [5] - Directors and Officers are currently under a trading blackout, which will continue for an additional week after an update on the loan's closure is announced [5] Company Overview - Novra Technologies Inc. is an international technology provider specializing in multimedia broadband content distribution, with a focus on applications such as broadcast video, digital cinema, and reliable data communications [6]