IMJ Imjack

 

TIDMIMJ 
 
RNS Number : 9613T 
imJack PLC 
06 October 2010 
 
 
 
 
 
 
 
IMJACK PLC 
 
                                ('the Company') 
 
                        Renegotiation of funding facility 
 
 
On 20 May 2010 the Company announced that Jeffrey Morris, a Director of the 
Company had agreed to provide a GBP500,000 drawdown facility (the "Facility") 
for the purposes of working capital. However, the Directors have concluded that 
it cannot currently drawdown the Facility under the terms of the Facility. As a 
result the Directors are urgently renegotiating the Facility as well as pursuing 
a number of alternative funding options, to enable the Company to continue to 
trade. Meanwhile Jeffrey Morris has made a loan of GBP25,000 to the Company to 
support the immediate working capital needs of the Company. The Directors 
continue to be encouraged by the interest from schools and other parties in the 
Company's products. 
 
 
For further information please contact: 
 
+-----------------------------------------+-------------------+ 
| imJack Plc                              | Tel. 01653 618016 | 
|                                         |                   | 
| Michael Abrahams Chairman               |                   | 
|                                         |                   | 
+-----------------------------------------+-------------------+ 
| Daniel Stewart & Company plc            | Tel. 020 7776     | 
| Emma Earl/Paul Shackleton               | 6550              | 
|                                         |                   | 
+-----------------------------------------+-------------------+ 
| Rawlings Financial PR Ltd               | Tel. 01653 618016 | 
| Catriona Valentine                      |                   | 
|                                         |                   | 
+-----------------------------------------+-------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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