Regeneus Ltd today announced it has entered into an R&D loan facility agreement with Paddington St Finance. The maximum loan value of the facility is the lesser of $2 million or 80% of the estimated refundable tax offset credits under the ATO’s R&D tax incentive. The initial drawdown of $1million has been applied for and is expected to be available within the next few days.
R and D loan facility approved - ASX listing rule waiver
Friday, 29 June 2018