Lanebury Growth Capital Ltd. (TSE:LLL) has released an update.
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Lanebury Growth Capital Ltd. has announced the extension of a $5,584,203 promissory note’s maturity date from June 30, 2024, to December 31, 2024. The loan, which carries a 12% interest rate, is part of an amending agreement with Code Consulting Limited, owned by Lanebury’s director Lance Tracey. Lanebury, which focuses on investments in technology startups, has complied with necessary regulatory exemptions and received approval from its independent directors for this transaction.
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