*Disclaimer

ENERGY ACTION LIMITED (ASX: EAX)

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EAX: CBA Waiver Facility agreement amendment & Investment update

ENERGY ACTION LIMITED

  1. The Commonwealth Bank of Australia (CBA) has agreed to waive the Facility Agreement (Agreement) financial covenants as at 31 Dec 2022 and to extend the term of the Agreement from 31 October 2023 to 31 December 2024.
  2. The Company has secured an investment of $0.5 million from Mr. Derek Myers.
  3. Mr. Myers has an extensive career in the energy market business, most recently as the founder of Beond Energy.

2023-01-17 14:51:00