A1 Investments & Resources Limited (ASX:AYI) Releases Quarterly Cash Flow Report
Financing Activities
A1 Investments secured $300,000 in short and medium-term funding with a 3% interest rate per month. The loan is convertible to ordinary shares at $0.01 per share upon shareholder approval and is due by January 31, 2025.
Acquisition Plans
The company is pursuing multiple acquisition opportunities that require ASX, ASIC, and shareholder approvals. A final proposal is expected within the next four to six weeks, pending necessary consents.
Financial Position
A1 Investments reported a net cash outflow of $36,000 from operating activities and holds $2,000 in cash and cash equivalents at the end of the quarter.
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