- MSM Corporation (MSM) has received its second loan repayment of US$100,000 (around A$130,875) from Riva Technology and Entertainment (RTE)
- This marks the second loan repayment for the US$1.5 million (around A$1.96 million) loan note and regular payments will follow
- In November 2019, MSM secured first ranking, interest-free loan notes in RTE for US$1.5 million over two instalments
- Of the US$1.5 million, US$1 million (roughly A$1.3 million) has already been transferred
- Additionally, the first US$100,000 payment was received in October 2020 and MSM will use the funds for general working capital
- MSM is up 1.56 per cent on the market and shares are trading at 6.5 cents
MSM Corporation: Receives second loan repayment from RTE
