Earn-A-Car Announces Completion of ZAR25 Million Capital Market Raise

Earn-A-Car Announces Completion of ZAR25 Million Capital Market Raise

By | 2012-06-07T11:54:10+00:00 8 June 2012|Earn a Car|

Earn-a-Car announced this week that it has completed, through its wholly owned South African subsidiary, a ZAR25 Million 3 year reducing balance capital market raise in the South African bond market.

Earn-A-Car Inc., (“EAC”) is the parent company of Earn-A-Car (Pty) Ltd., a South African company wholly-owned by EAC, which provides mid to low-range automobiles to individuals in South Africa with poor credit on a “rent-to-own” basis.

Read the full press release below:

Source: PR Newswire (http://s.tt/1dr1z)

 

Earn-A-Car Announces Completion of ZAR25 Million Capital Market Raise (via PR Newswire)

JOHANNESBURG, June 5, 2012 /PRNewswire/ — Earn-A-Car Inc. (OTC:BB – ticker symbol EACR), (“Company”), announced today that it has completed, through its wholly owned South African subsidiary, a ZAR25 Million (approximately US$3million) 3 year reducing balance capital market raise in the South African…