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Noble Helium Limited (ASX:NHE)

ALERT: Price-sensitive ASX Announcement for NHE
Current share price for NHE : $0.028 -0.011 (-27.27%)+
Announcement
Release
7 Oct 2025 10:23AM
Price at Release
$0.039
Full Release
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Summary
Noble Helium Limited has announced that it has entered into a loan agreement with a shareholder, Mr. Duncan MacNiven, who has advanced A$1.46 million to the company. This loan is intended to refinance the company's outstanding convertible note facility with Obsidian Global GP, LLC, and to provide additional working capital. The loan, which is provided on commercial and arms’ length terms, is not convertible into shares and is repayable in cash by 30 June 2027 at an interest rate of 12% per annum, payable quarterly. The agreement includes a floating charge on the company's assets as security, and the facility with Obsidian will end upon repayment, discharging any security over the company’s assets. This announcement has been authorized by Noble Helium's Board of Directors.
Key Points
  • Noble Helium Limited secured A$1.46M loan from shareholder Duncan MacNiven.
  • Loan used to repay convertible note debt to Obsidian Global GP, LLC.
  • Loan agreement not convertible into shares, repayable by 30 June 2027.
  • Interest rate of 12% per annum, payable quarterly.
  • Loan secured by a floating charge on company's assets.
  • Obsidian's security over company assets to be discharged.
  • Announcement authorized by Noble Helium's Board.
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.