22nd May 2015 06:51
LONDON (Alliance News) - Anglo Asian Mining PLC Friday said its President and Chief Executive Reza Vaziri has agreed to provide the company with an unsecured loan of up to USD4.0 million to fund general working capital expenses.
Anglo Asian said it has drawn down USD2.0 million immediately. The loan carries a 10% a year interest rate and the term of the loan ends on January 8, 2016. Anglo Asian can repay the loan early if agreed with Vaziri, it said.
By Joshua Warner; [email protected]; @JoshAlliance
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