20th Oct 2015 06:52
LONDON (Alliance News) - Semiconductor technology company Toumaz Ltd on Tuesday said it has secured a new GBP5.0 million term loan.
Toumaz has secured the loan from Clydesdale Bank Growth Finance.
"As we stated in our half years results in September 2015, we expect to be cash generative from the middle of 2016. This loan provides greater resilience to our existing reserves," said Chief Executive Anthony Sethill.
By Sam Unsted; [email protected]; @SamUAtAlliance
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