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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Edge Res | LSE:EDG | London | Ordinary Share | CA27986R1010 | COM SHS NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.175 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
The facilities may be reviewed at any time; however the next review date is scheduled for July 31, 2015.
5. Loan payable
As at December 31, 2014, the Company has a loan payable with a principal amount of $8 million, which bears interest at 10% per annum, is secured against the assets of the Company as a second charge to the Company's lending facility (note 6), and is due January 31, 2017. Any interest and principal repayments for this loan are subject to the bank's prior approval. The loan payable is due to a company that is also a shareholder of the Company, and is repayable at any time without penalty.
The following table summarizes changes in the loan payable:
Principal Balance March 31 and December 31, 2014 8,000,000 ----------- Interest Balance March 31, 2014 1,843,616 Interest expense 602,740 ----------- Balance September 30, 2014 2,446,356 ----------- Total loan payable at December 31, 2014 10,446,356 ----------- 6. Availability of the Financial Statements and MD&A
Copies of all the Company's Financial Statements and MD&A's will be available on the Company's website (www.edgeres.com) and on SEDAR (www.sedar.com).
This information is provided by RNS
The company news service from the London Stock Exchange
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