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An update from Butn Limited ( (AU:BTN) ) is now available.
Butn Limited has announced a significant financial boost, securing a total of A$20 million in additional funding to support its growth initiatives. This includes a A$10 million institutional placement from professional and sophisticated investors and a non-binding term sheet for a A$10 million corporate credit facility from Mighty Partners. The funds will be used to enhance working capital and explore potential market opportunities, strengthening Butn’s position in the financial services sector.
More about Butn Limited
Butn Limited operates in the financial services industry, providing innovative funding solutions to businesses. The company focuses on offering financial products that support working capital and growth for businesses, leveraging technology to streamline financial processes.
Average Trading Volume: 251,266
Technical Sentiment Signal: Buy
Current Market Cap: A$29.33M
For a thorough assessment of BTN stock, go to TipRanks’ Stock Analysis page.