Norwood Systems Ltd (AU:NOR) has released an update.
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Norwood Systems Ltd has expanded its cash drawdown facility to $580,000, reflecting strong internal support and favorable loan terms. In addition, CEO Paul Ostergaard has converted options into shares, contributing $20,000 to bolster the company’s financial position as it focuses on growth. These developments underline Norwood’s strategic progress in the voice communication services sector.
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