Kalamazoo Resources secures $300,000 unsecured loan

Kalamazoo Resources Limited (ASX: $KZR) has secured an unsecured loan of $300,000 from Power of Hoodoo Pty Ltd, an unrelated party, on 6 December 2023. The loan terms include a 6-month tenure with an interest rate of 7.5% per annum, accrued on a monthly basis, and repayable on loan repayment, along with 3% establishment fees. No security has been provided for the loan.

Executive Commentary on Loan Acquisition

The company is pleased to announce the successful acquisition of a $300,000 unsecured loan from Power of Hoodoo Pty Ltd. This funding will support our ongoing operations and provide the necessary financial flexibility to pursue our strategic objectives. We are confident in our ability to manage the repayment terms and utilize the funds effectively to drive the company's growth.

Summary of Loan Acquisition and Future Outlook

Kalamazoo Resources (ASX: $KZR) has successfully secured a $300,000 unsecured loan from an unrelated party, Power of Hoodoo Pty Ltd, with a 6-month tenure and an interest rate of 7.5% per annum. The company's ability to secure this funding reflects positively on its financial position and operational potential. The loan will contribute to supporting the company's ongoing operations and strategic initiatives. Kalamazoo Resources remains focused on leveraging this financial support to advance its business objectives and drive sustainable growth in the future.