Powerhouse Enrgy Grp (PHE) Add to Alerts list Print Mail a friend Thursday 16 October, 2014 Powerhouse Enrgy Grp Appointment of Nominated Adviser RNS Number : 4866U Powerhouse Energy Group PLC 16 October 2014
16 October 2014
PowerHouse Energy Group plc
("PowerHouse" or the "Company")
Appointment of Nominated Adviser and Sole Broker
PowerHouse (AIM: PHE) announces that it has appointed Allenby Capital Limited to act as Nominated Adviser and Sole Broker to the Company with immediate effect.
Hillgrove Investments Pty Limited ("Hillgrove") continues to provide financial support to the Company. Hillgrove has confirmed, in a letter dated 16 October 2014 to both the Directors of the Company and to Allenby Capital Limited, that it is the present intention of Hillgrove to ensure the Company meets its obligations as they fall due and to ensure the Company operates as a going concern for a period of at least the next twelve months, pending any unforeseeable or material changes to the Company's current circumstances.
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