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The funds have come from the new shareholder with the racing connections, Tulloch Lodge, which has taken stock and offered a loan facility for the combined amount of $2 million.
The first tranche of $500,000 was drawn down from the loan facility to clear the outstanding cash calls.
Director Eddie Smith said that with "Tulloch's assistance the company now has a certainty that was previously missing and the future now looks a lot brighter for Kalrez shareholders."
