StockMarketWire.com - Alternative energy technology company Eqtec said it had entered into an agreement with Altair Group Investment to increase a loan facility available for drawdown by around £0.9m to £3.5m.

Altair would also consolidate two loans between Altair and Eqtec into one facility.

'Increasing the available Altair facility is significant for Eqtec as part of its previously announced growth optimisation plan, as it ensures that the company is in a sound financial position to capitalise on delivering projects within its pipeline in the near term,' chief executive Ian Price said.


At 1:19pm: [LON:EQT] Eqtec Plc Ord Eur0.001 share price was +0.02p at 1.47p



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