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AMBERTECH LIMITED — Capital/Financing Update 2014
Aug 3, 2014
64378_rns_2014-08-03_9cbb5ea4-355d-4a5f-a97a-8c4fcdd57f8d.pdf
Capital/Financing Update
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4 August 2014
The Manager Company Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000
ASX ANNOUNCEMENT: AMBERTECH SECURES NEW FINANCE FACILITY
The Board of Ambertech is pleased to announce that the company has secured a new two year finance facility with Bibby Financial Services. The new facility is an invoice discounting solution with approval up to $6M and replaces the CBA as the primary lenders to the business.
Drawdown of the facility is subject to certain conditions precedent.
The Bibby facility provides Ambertech with greater flexibility to undertake new projects and to fund potential growth opportunities. This flexibility will assist the company in its current turnaround phase.
Yours sincerely
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Robert Glasson Company Secretary 4 August 2014
Ambertech Limited ACN 079 080 158 Unit 1, 2 Daydream Street, Warriewood NSW 2102 Tel: 02 9998 7600 Fax: 02 9999 0770 Web: www.ambertech.com.au