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News: FUN Funtastic Reaches Debt Forgiveness Agreement

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    10/09/18
    09:15
    Post #: 35487965

    Sept 10 (Reuters) - Funtastic Ltd (FUN) :

    • SEEKS TRADING HALT TO FACILITATE CAPITAL RAISING
    • REACHED AGREEMENT WITH NATIONAL AUSTRALIA BANK WHEREBY ALL OF CO'S INDEBTEDNESS TO NAB WILL BE FORGIVEN FOLLOWING RECEIPT BY NAB OF $5 MILLION
    • PROPOSING TO FUND DEBT REDUCTION PAYMENT BY CONDUCTING AN INSTITUTIONAL PLACEMENT AND ENTITLEMENT OFFER TO RAISE ABOUT $8.2 MILLION
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