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Jade Gas Holdings Limited (ASX:JGH)

ALERT: Price-sensitive ASX Announcement for JGH
Current share price for JGH : $0.105 0.073 (228.13%)+
Announcement
Release
30 Jul 2025 8:50AM
Price at Release
$0.032
Full Release
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Summary
Jade Gas Holdings Limited (JGH) has announced that it has secured a director loan facility of up to A$3.64 million, which will provide immediate working capital to the company. The facility is being provided by three of Jade's directors, with the funds to be used mainly for the continued advancement of Jade’s coal bed methane (CBM) project in Mongolia, as well as for general working capital purposes. The announcement outlines the key terms of the loan, including the interest rate, security, and repayment schedule. The directors' support is described as a vote of confidence in Jade's strategic direction and the potential of its Mongolian energy projects. The funding is considered an important step in enabling Jade to progress drilling, pilot program activities, and future commercial development.
Key Points
  • Jade Gas Holdings Limited has secured a director loan facility of up to A$3.64 million.
  • The loan is provided by three of Jade's directors.
  • Funds will be used primarily for the Mongolia CBM project and general working capital.
  • Key loan terms include interest rate, security, and repayment schedule.
  • The director loan demonstrates strong board support and confidence in Jade's strategy.
  • The funding enables the continuation and expansion of drilling and pilot programs in Mongolia.
  • The announcement details the significance of this funding for Jade’s ongoing and future commercial development.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.