Nepra Foods, Inc. (TSE:NPRA) has released an update.
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Nepra Foods, Inc. has provided a $950,000 secured loan to its subsidiary, Nepra Foods Ltd., from a related party lender with a 6% annual interest rate, maturing on July 31, 2024. The loan, which is not convertible into company securities, has been obtained on terms favorable to the company, and the investment is expected to support Nepra Ltd.’s growth and increase shareholder value.
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