StockMarketWire.com - Cyber security software provider Defenx said it had sufficient funds through to the end of April after drawing down the last part of a €950k loan provided by majority shareholder BV Tech.

Receiving the remaining €300k meant the loan had now been fully drawn.

'Subsequent to this draw down, the company confirms that it has sufficient funds through to the end of April 2019,' Defenx said.

It also said it was in 'advanced discussions' to provide BV Tech with specific distribution rights for Defenx's products, in return for a fixed fee and monthly fees.

'In addition, the company is also in discussions with BV Tech regarding the provision of certain software services by BV Tech to the group in respect of its range of new and existing products,' it added.

'However, there can be no guarantee that agreement will be reached between the parties, in which case the company will need to consider other forms of funding.'


At 2:01pm: [LON:DFX] Defenx Plc share price was -0.75p at 5.25p



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