Tambla raises $1.525 million via Convertible Note Subscription

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Sydney

07 April 2020

Tambla raises $1.525 million via Convertible Note Subscription

Australian intelligent workforce solutions company Tambla Limited (ASX: TBL) (‘Tambla’ or ‘the Company’) is pleased to advise that it has secured funds totalling $1.525m via the issue of Convertible Notes.

The Company announced on 25 March 2020 that it was seeking to raise between $1.6 million to $2.0 million through this convertible note, with Kestrel Capital and number of shareholders indicating that they will subscribe for the minimum amount sought. As previously disclosed, Kestrel Capital is a related entity to Tambla directors, Niall Cairns and Phillip Carter.

The full release can be read here

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