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FRSL prospectus

FINANCIAL Resources Securities Limited has released a prospectus aiming to raise $20 million through the issue of term deposit notes, secured by mortgages over the real estate or tangible assets of FRSL borrowers. FRSL is a specialist provider of finance for small- to medium-sized businesses, and FRSL managing director Barry Samuels said the prospectus marked an exciting new phase in the growth of the company. “The prospectus satisfies a growing need in the marketplace to provide a competitive and secure investment product, supported by a successful business model that actively provides finance to Western Australian businesses,” he said.

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