MARKETS

ASX junior flounders in face of bank default

AUSTRALIAN oil and gas small cap EonNRG is floundering in the face of a bank default notice, as it looks at all options, including selling its productive fields, to pay off a loan worth US$6.32 million (A$8.8M).

ASX junior flounders in face of bank default

  EonNRG advised shareholders it was in a precarious position in May, posting a notice to the market that it had been issued a default notice from the Arab National Bank, and subsequently entering into...

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