Globe Metals & Mining (ASX:GBE) has concluded a deed of variation agreement with Director Bo Tan for the issuance of 56.192 million director shares as part of the principal outstanding and the capitalised interest from their existing loan agreement.
Under ASX Listing Rule 10.13, director shares need to be issued no later than one month after the company’s annual general meeting.
The shares to Tan were issued on the same terms as the company’s most recent placement, at an issue price of $0.051 per share, representing a total value of $2.86 million.
As at 23 December 2025, the total loan balance and capitalised interest stood at $3.01 million. The final balance of $146,882 will be paid using the company’s working capital.
Once paid, the company will be fully debt-free as it moves into its next phase of project development and funding.
The board acknowledges the continued support and commitment of director Tan.
Write to Amy Rotman at Mining.com.au
Images: Globe Metals & Mining
