Eonx Technologies, Inc. (TSE:EONX) has released an update.
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EonX Technologies Inc. has announced a strategic move by its CEO, who has provided a three-year loan worth CAD $1.96 million with a 12% annual interest rate, to support the company’s working capital and expand international opportunities. This convertible loan gives an option to transform the debt into company shares at CAD$0.07 each, reinforcing the CEO’s commitment following a substantial AUD $7.3 million loan facility already extended.
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