IDZ 0.00% 1.9¢ indoor skydive australia group limited

Feb 14 (Reuters) - Indoor Skydive Australia Group Ltd (IDZ)...

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    Feb 14 (Reuters) - Indoor Skydive Australia Group Ltd (IDZ)

    • signed a memorandum of understanding (mou) for development of it's first indoor skydiving facility with Bandar Utama City Sdn Bhd
    • Cost of project, including internal costs, to ISA Group is estimated to be between $1.5 to $2 million
    • mou provides a framework for development, construction and operation of an indoor skydiving facility at 1 Utama shopping centre
    • "expect to fund this from operating cashflows, supplemented by existing cash reserves and debt if appropriate."
 
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Currently unlisted public company.

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