AI assistant
TZ LIMITED — Capital/Financing Update 2012
Jan 30, 2012
65975_rns_2012-01-30_2d9d0f4a-e60b-47c4-8efd-2034ebc37f2b.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
TZ Limited ABN 26 073 979 272
==> picture [54 x 49] intentionally omitted <==
31 January 2012
Lodged by ASX Online
The Manager Company Announcements Office ASX Ltd. Level 4, 20 Bridge Street Sydney, NSW 2000
Dear Sir/Madam
USD$3.0 MILLION STAND-BY LOAN FACILITY
TZ Limited (ASX Code: TZL) (the " Company ") announces that its wholly owned subsidiary Telezygology, Inc. has today entered into a loan agreement with QVT Fund LP and Quintessence Fund L.P. (the " QVT Funds ") under which the QVT Funds have agreed to provide a stand-by loan facility in an amount of USD$3.0 million to Telezygology, Inc. The loan facility is subject to a number of predrawdown conditions.
The funds to be borrowed under the loan facility will be used to finance the Company's planned expansion process, in particular any funding needs that may arise should the Company be successful with recent tenders for new business that have been lodged by the Company.
Yours faithfully, TZ LIMITED
==> picture [142 x 75] intentionally omitted <==
Kenneth Ting Executive Director / Company Secretary
ASX: TZL Web: www.tz.net Email: [email protected]
Sydney (Registered Office) Level 11, 1 Chifley Square Sydney, NSW 2000 Australia
Chicago (Operational Headquarters) 520 West Erie Street, Suite 210 Chicago, IL 60654 United States