Novra Technologies (TSE:NVI) has released an update.
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Novra Technologies has detailed a Convertible Loan Agreement with SNAPS Holding Company, a US-based investment group, who will provide $12.258 million, potentially convertible into Novra shares. The loan’s completion hinges on approvals from the TSX Venture Exchange and Novra shareholders, while SNAPS is diversifying its portfolio to include high-growth tech entities like Novra. Despite delays due to market conditions, Novra expects to receive funds by March 31, 2025.
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