Epsilon Healthcare Limited (ASX:EPN) Announces Issue of $1M Loan Notes
Funding Details
Epsilon Healthcare Limited (ASX:EPN) has commenced raising up to $1,000,000 through the issuance of loan notes to sophisticated, experienced or professional investors. The notes will be redeemed with interest by 30 June 2025 and may be converted into ordinary shares subject to shareholder approval.
Use of Proceeds
The funds raised will support working capital, diversification, service expansion, and new product offerings at EPN’s manufacturing facility. This funding structure minimizes dilution to existing shareholders and complements recent cost-reduction initiatives.
Executive Comments
Chairman Mr Alan Beasley stated, “We are pleased to have commenced this funding in a challenging market. The funds raised will allow EPN to continue the ongoing work of investing in the business and undertake activities necessary to lift the suspension of trading of the Company’s shares. The structure of the loan note raising is intended to provide minimal dilution to existing shareholders and reflects our commitment to protecting shareholder value.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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