Windflow Technology seeks bridging finance pending capital from shareholders

Thu, 01 Nov 2012

Nov. 1 (BusinessDesk) - Windflow Technology, whose shares have lost almost two thirds of their value in the past year, said it is seeking bridging finance to tide it over until it can arrange to raise more funds from shareholders. The funding update comes after Windflow said in September that it urgently needed to put funding in place to ensure it could remain a going concern. Its loss for the year narrowed to $3.7 million from $6.8 million. Today the company said it has received “indicative commitments of funds from various parties to maint...

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