The Company issued 9 Convertible Loans under Convertible Loan Agreements between 24 September and 30 October 2024 for an aggregate value of $509,400; the funds of which were applied to working capital.
Due to an administrative oversight, the issue was not notified to the ASX. The Company is now lodging the Appendix 3G to rectify this administrative oversight.
The S&P/NZX 50 Index closed up 0.61% or 81.576 points to 13,562.01.
Rakon shares rose almost 9% on Wednesday but spiked even higher during the day.
Summerset is compliant with all lending covenants and obligations.
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