Base formed.21 Jun 2018 11:39
A pretty solid base has been formed around the current sp.
Expecting finance to be sorted before month end, maybe also news upon contracts.
Ebioss are the key to the solution.
"The balance of the UCLN will be redeemed once final negotiations are completed between the Company and a new debt provider and a drawdown is made on the new facility. The facility under negotiation is a straight debt only facility which is expected to be drawn down in two tranches. The facility has been structured as straight debt to eliminate any dilutive effect for shareholders at the current share price.
The Company is also in discussion with its major shareholder EBIOSS Energy SE regarding further investment in the Company to execute the expansion of its business plan".