Business issues, Corporate turnaround, News

Avior Credit Fund provides $1.2m facility to Elmore Ltd

Perth CBD

The Avior Private Credit Fund enters into $1.2 million funding arrangement with Elmore Ltd.

We are pleased to announce that we have entered into a secured funding arrangement with Elmore Ltd [ASX: ELE.AX] for $1.2million in order to fund capital expenditure and working capital.

Elmore Ltd is a mining services business that provides specialist equipment and expertise to remote mining companies to enable them to successfully exploit small to medium resource assets.  Elmore has commenced transport of iron ore magnetite from its Peko project in the Northern Territory to Darwin.  The commencement of operations at Peko is a major development for Elmore and we are pleased to be Elmore’s funding partner to help bring it to its next stage of development.

Please contact our office to discuss how the Avior Capital can help you or your clients.