LAW: Conditional funding transaction and CCN extension
LAWFINANCE LIMITED π π π
- LawFinance Limited (LAW) has secured an agreement with Lucerne LCF Pty Ltd (Funder) for an initial US$250,000 funding and potentially further US$3.05 million of funding subjected to conditions.
- Funder has a back-to-back agreement with Kenanga Investment Berhad to provide sufficient funds for the remaining funding, but it is highly conditional and not guaranteed.
- Funding will be used for LAW group operations, reducing debt to Partners For Growth VI, LP, and paying a commitment fee to the Funder.
2023-03-31 18:28:00