News: WFL Wellfully Says Raised A$1.5 Million To Fully Fund Current Working Capital Obligations

April 6 (Reuters) - Wellfully Ltd (WFL) :

• POST A STRATEGIC COST REVIEW HAS RAISED A$1.5 MILLION TO FULLY SATISFY AND FUND ITS CURRENT WORKING CAPITAL OBLIGATIONS
• CONSIDERS IN-HOUSE SOLUTION FOR DTC MARKET ACCESS TO BE BEST APPROACH TO MANAGE GROWTH AND SCALE OF WELLFULLY BUSINESS
• CONTINUING TO WORK ON ORGANISATIONAL RESTRUCTURING WITH A VIEW TO STREAMLINING OPERATIONS AND REDUCING OPERATIONAL COSTS
• EMBARKED ON DEBT RESTRUCTURING PROJECTS TO FURTHER BOLSTER BALANCE SHEET
• BULK OF COST RESTRUCTURING RELATED TO CONSOLIDATION OF A NUMBER OF PROJECTS