IMJ Imjack

 

TIDMIMJ 
 
RNS Number : 3027X 
imJack PLC 
03 December 2010 
 

IMJACK PLC 
 
                                ('the Company') 
 
                                Update on Funding 
 
 
"The Company announces that Jeffrey Morris has made a loan to the Company of 
GBP30,000 (the "Morris Loan") to support the immediate working capital needs of 
the Company. The Morris Loan is subject to an annual interest rate of the Bank 
of England base rate plus 3%. The Company's Independent Director considers, 
having consulted with the Company's nominated adviser, Daniel Stewart, that the 
terms of the Morris Loan are fair and reasonable so far as the Company's 
shareholders are concerned. 
 
In addition to the Morris Loan, the Company is also pleased to announce that it 
has received a GBP50,000 loan from a third party individual (the "New Loan"). 
The New Loan has been entered into on the same terms as the Morris Loan as set 
out above. 
 
The Morris Loan, the New Loan and the loan provided by Debra Morris as announced 
on 9 November are secured on the Company's unencumbered assets including the 
Company's intellectual property. 
 
 
For further information please contact: 
 
+-----------------------------------------+-------------------+ 
| imJack Plc                              | Tel. 01653 618016 | 
|                                         |                   | 
| Michael Abrahams Chairman               |                   | 
|                                         |                   | 
+-----------------------------------------+-------------------+ 
| Daniel Stewart & Company plc            | Tel. 020 7776     | 
| Emma Earl/Paul Shackleton               | 6550              | 
|                                         |                   | 
+-----------------------------------------+-------------------+ 
| Rawlings Financial PR Ltd               | Tel. 01653 618016 | 
| Catriona Valentine                      |                   | 
+-----------------------------------------+-------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCMMMGZNZGGGZM 
 

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