As I reported earlier in the year about the troubled parent group - The future of Travelzest, a tour operator offering holidays ranging from naturist resorts to trips to Cuba and Morocco, is in doubt this weekend after the company failed to secure £2m pledged to it in a fundraising. A source close to the company claims that two shareholders withdrew an offer to inject fresh funds into the company after they tried to change the terms of the deal at the last minute.
AIM-listed Travelzest thought it had raised £5.7m through the issue of new shares, funds it needs to meet lending agreements with its banks. It announced on Friday morning to the stock exchange that investors had approved the share placing.
However, after the market closed in the afternoon, the company said that investors accounting for £2m of the new funds had failed to meet the deadline for paying the money, and that it would need to find an alternative means of securing the funds.
It will be a real shame if Peng are one of the companies to fall by the wayside this year !!!!!
Julie Allure Naturist Massage
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