14th Oct 2013 07:27
LONDON (Alliance News) - Travelzest PLC Monday said its primary lending bank has confirmed that it has agreed to extend its on-demand working capital facility until October 21.
The travel agent and operator said it is in regular contact with its primary lender and must continue to comply with its obligations under the existing and new working-capital facility arrangements. It said that the loans and facilities are still capable of being demanded at any time.
"Consequently, the company continues to be solely reliant on the support of its primary lender in order to continue to trade," Travelzest said.
Travelzest shares were up 17% at 1.69 pence at the open Monday.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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