Tancoal secures extra funds

KCB Bank Tanzania has agreed to increase the working capital facility to Intra Energy’s Tancoal subsidiary by $US200,000 for 60 days while an application for an increase of $1 million to the facility is made.

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Tancoal secures extra funds Tancoal secures extra funds Tancoal secures extra funds Tancoal secures extra funds Tancoal secures extra funds

The outstanding debt facilities totalled $5.1 million at December 31.

An amount of $100,000 of the bank guarantee is available for use, the balance has been previously applied.

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