GSTechnologies (LSE:GST) shares jumped 24%, trading at 0.46p, after it drew down the first US$5m tranche of a US$10m unsecured term loan facility with Clarivan Group Kommanditbolag.
The facility was originally disclosed on 17 June, making this drawdown the first concrete deployment of the arrangement.
The second US$5 million tranche is available at the company's election between 1 and 30 August.
