Digital customer acquisition company, Impelus
(ASX:IMS), has secured a loan from its chairman, Brendan Birthistle.
The $500,000 loan will be used to accelerate the rebuild of the Australian business.
It will be used to strengthen the sales and product team; introduce the company's Premium Lead Generation products and to pursue other product development opportunities.
The loan is repayable on 15 December 2021 and attracts interest at the rate equal to the Corporate Overdraft Reference Rate which is currently 8.71 per cent, plus an additional 5 per cent per annum.
Shares in Impelus
(ASX:IMS) are trading 12.5 per cent higher at 1 cent.
