Brief: Payright Ltd Secures Funding To Accelerate Growth And Reduce Costs

Navalo Financial Services

05/04/2022 02:22

April 5 (Reuters) - Payright Ltd  PYR.AX :
    * SECURES FUNDING TO ACCELERATE GROWTH AND REDUCE COSTS
    * HAS ENTERED INTO A MILESTONE FUNDING PACKAGE CONSISTING OF
A NEW
A$125 MILLION WAREHOUSE FACILITY
    * WAREHOUSE FACILITY SUPPORTED BY A$9.5 MILLION CAPITAL
RAISING
    * INTENDS TO OFFER SHARE PURCHASE PLAN TO ELIGIBLE
SHAREHOLDERS IN
NEAR FUTURE

Source text for Eikon:  ID:nASXSVznq 
Further company coverage:  PYR.AX 

 ((Reuters.Briefs@thomsonreuters.com;))