xReality Group Obtains Additional AU$500,000 Debt Facility; Shares Fall 3%

MT Newswires Live

2024-10-11

xReality Group (ASX:XRG) obtained an additional AU$500,000 debt facility from Causeway Financial, according to a Friday filing with the Australian bourse.

The facility will mature on March 31, 2025. All other terms and conditions of the company's existing loan facility are unchanged, the filing stated.

The additional drawdown will be used to increase inventory, speed up the delivery of current projects, and meet future orders, the filing added.

The enterprise software developer's shares were down 3% in recent trade.

Price (AUD): $0.04, Change: $-0.00100, Percent Change: -2.78%

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