As part of the initial round of funding for the acquisition of Track Concepts, Crowd Mobile has received an indicative term sheet for US$10 million (AU$13 million) of debt funding. Negotiations are continuing with a number of traditional debt and mezzanine funding providers in Europe, Asia and Australia, and the Company remains on track to complete the acquisition in August 2015.
So they have indicative 13 mill already, what do they need another 10 and they are negotiating with an umber of dent and funding providers in Europe /asia and ausssie.
On track to be finalised this month
Lets see where the germans take us tonight, anyone got a link?
CM8 on the move broker target 65c, page-54
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