14th Jun 2018 15:02
LONDON (Alliance News) - LED illumination systems manufacturer ProPhotonix Ltd said Thursday it has secured a GBP700,000 four year loan with SQN Secured Income Fund PLC.
The loan with a 10% interest rate is repayable in monthly instalments from July.
"The funds will assist us in acquiring additional machinery and equipment to continue the expansion of our UV LED manufacturing operations as well as provide working capital toward the growth of the business," Chief Financial Officer Ed Dolan said.
ProPhotonix shares were untraded at 11.30 pence each.
Related Shares:
SSIF.L