SP Movement News on Debt31 Jan 2009 15:51
In November EBTM plc raised £850,000 before expenses through the placing of 85,000,000 new ordinary shares of 1p per share. This considerably strengthened the balance sheet and provided additional working capital in addition to reducing debt with net debt lowered significantly from £1,096,973 at 31 October 2008 to £208,297 at 31 December 2008.
From half yearly report issued 30/1/09