Iron Road (ASX:IRD) long-term major shareholder Sentient Executive GP IV (Sentient) has agreed to extend the maturity date of its AU$1 million interest-free loan to the company to Aug. 30, according to a Monday Australian bourse filing.
Sentient has advanced AU$500,000 to Iron Road to date and Iron Road will not be drawing down any further loans under the facility, the filing states.
Iron Road expects to receive non-dilutionary payments in H2 including AU$3.3 million from Northern Water, of which AU$425,000 has already been received, and AU$7 million from Amp Energy, according to the filing.
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