Lithium
44.08
0.36%
Gold
2,745.20
(0.03%)
Copper
4.46
0.61%
Oil
71.64
0.03%
Bitcoin
68,866.73
1.6%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.34%
Hang Seng
20,975.72
2.77%
Lithium
44.08
0.36%
Gold
2,745.20
(0.03%)
Copper
4.46
0.61%
Oil
71.64
0.03%
Bitcoin
68,866.73
1.6%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.34%
Hang Seng
20,975.72
2.77%
Lithium
44.08
0.36%
Gold
2,745.20
(0.03%)
Copper
4.46
0.61%
Oil
71.64
0.03%
Bitcoin
68,866.73
1.6%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.34%
Hang Seng
20,975.72
2.77%
Lithium
44.08
0.36%
Gold
2,745.20
(0.03%)
Copper
4.46
0.61%
Oil
71.64
0.03%
Bitcoin
68,866.73
1.6%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.34%
Hang Seng
20,975.72
2.77%
Lithium
44.08
0.36%
Gold
2,745.20
(0.03%)
Copper
4.46
0.61%
Oil
71.64
0.03%
Bitcoin
68,866.73
1.6%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.34%
Hang Seng
20,975.72
2.77%
Lithium
44.08
0.36%
Gold
2,745.20
(0.03%)
Copper
4.46
0.61%
Oil
71.64
0.03%
Bitcoin
68,866.73
1.6%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.34%
Hang Seng
20,975.72
2.77%
Lithium
44.08
0.36%
Gold
2,745.20
(0.03%)
Copper
4.46
0.61%
Oil
71.64
0.03%
Bitcoin
68,866.73
1.6%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.34%
Hang Seng
20,975.72
2.77%
Lithium
44.08
0.36%
Gold
2,745.20
(0.03%)
Copper
4.46
0.61%
Oil
71.64
0.03%
Bitcoin
68,866.73
1.6%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.34%
Hang Seng
20,975.72
2.77%
Lithium
44.08
0.36%
Gold
2,745.20
(0.03%)
Copper
4.46
0.61%
Oil
71.64
0.03%
Bitcoin
68,866.73
1.6%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.34%
Hang Seng
20,975.72
2.77%
Lithium
44.08
0.36%
Gold
2,745.20
(0.03%)
Copper
4.46
0.61%
Oil
71.64
0.03%
Bitcoin
68,866.73
1.6%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.34%
Hang Seng
20,975.72
2.77%
Lithium
44.08
0.36%
Gold
2,745.20
(0.03%)
Copper
4.46
0.61%
Oil
71.64
0.03%
Bitcoin
68,866.73
1.6%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.34%
Hang Seng
20,975.72
2.77%
Lithium
44.08
0.36%
Gold
2,745.20
(0.03%)
Copper
4.46
0.61%
Oil
71.64
0.03%
Bitcoin
68,866.73
1.6%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.34%
Hang Seng
20,975.72
2.77%
Lithium
44.08
0.36%
Gold
2,745.20
(0.03%)
Copper
4.46
0.61%
Oil
71.64
0.03%
Bitcoin
68,866.73
1.6%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.34%
Hang Seng
20,975.72
2.77%
Lithium
44.08
0.36%
Gold
2,745.20
(0.03%)
Copper
4.46
0.61%
Oil
71.64
0.03%
Bitcoin
68,866.73
1.6%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.34%
Hang Seng
20,975.72
2.77%
Lithium
44.08
0.36%
Gold
2,745.20
(0.03%)
Copper
4.46
0.61%
Oil
71.64
0.03%
Bitcoin
68,866.73
1.6%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.34%
Hang Seng
20,975.72
2.77%
Lithium
44.08
0.36%
Gold
2,745.20
(0.03%)
Copper
4.46
0.61%
Oil
71.64
0.03%
Bitcoin
68,866.73
1.6%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.34%
Hang Seng
20,975.72
2.77%
Lithium
44.08
0.36%
Gold
2,745.20
(0.03%)
Copper
4.46
0.61%
Oil
71.64
0.03%
Bitcoin
68,866.73
1.6%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.34%
Hang Seng
20,975.72
2.77%
Lithium
44.08
0.36%
Gold
2,745.20
(0.03%)
Copper
4.46
0.61%
Oil
71.64
0.03%
Bitcoin
68,866.73
1.6%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.34%
Hang Seng
20,975.72
2.77%
Lithium
44.08
0.36%
Gold
2,745.20
(0.03%)
Copper
4.46
0.61%
Oil
71.64
0.03%
Bitcoin
68,866.73
1.6%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.34%
Hang Seng
20,975.72
2.77%
Lithium
44.08
0.36%
Gold
2,745.20
(0.03%)
Copper
4.46
0.61%
Oil
71.64
0.03%
Bitcoin
68,866.73
1.6%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.34%
Hang Seng
20,975.72
2.77%

Noxopharm (ASX: $NOX) issues $500,000 convertible note

Noxopharm's strategic funding initiative


Noxopharm (ASX:NOX), an Australian biotech company, has announced the issuance of a $500,000 convertible note to a long-standing shareholder. This move is designed to provide the company with flexible funding for capital management. The note will be funded in January 2025, with a 12% interest rate and expiration set for January 2, 2026.

Noxopharm's financial strategy outlook


Noxopharm has secured a $500,000 convertible note to bolster its financial flexibility and support ongoing capital management. The note carries a 12% interest rate and is secured against the 2024/25 Australian Tax Office R&D tax rebate. It will expire in early 2026, with conversion options available at a discounted price. This strategic move allows Noxopharm to explore potential opportunities without time constraints, aligning with its commitment to advancing novel treatments in cancer and inflammation. The company's ambitions are further supported by its technology platforms, Chromaâ„¢ and Sofraâ„¢, and its significant stake in Nyrada Inc.

Executive commentary on funding strategy


The issuance of this convertible note provides Noxopharm with the necessary flexibility to manage our capital effectively while we explore potential opportunities. It allows us to proceed without the constraints of time pressure, ensuring we can capitalize on strategic ventures as they arise.

NOXOPHARM LIMITED
NOX | ASX | Health Care
0.105-0.025(-19.23%)
At close 04/11 (AEDT)
Market cap
$30.7M
Volume
915,685
DY Yield
PE Ratio
52 Week Range
0.051 - 0.15
1YR Return
N / A

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