Eden Innovations LtdASX: EDE

Eden Secures $2.2m Strategic Investment

· Issued by Eden Innovations Ltd

Filed with ASX · · 3 pages · English

• Eden has secured a $2.2m convertible note from 7 Enterprises Pty Ltd, with the funds to be used to assist repaying the remaining iBorrow debt of $2.7m, strengthening the balance sheet and removing near-term refinancing risk. • The repayment of the iBorrow facility will greatly reduce Eden’s debt servicing obligations and significantly improve the operational cash flow, with the iBorrow loan prev

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