24 Jun 2009

Funding facilities extended for electronic payment company

7:53 am on 24 June 2009

ProvencoCadmus says its bank has extended its funding facilities by another couple of months to the end of August.

The electronic payment company is preparing a capital raising plan, involving shareholders contributed more cash, to reduce debt.

ProvencoCadmus says the bank has given conditional support for a three year funding package following a successful recapitalisation plan.