RNS6 Mar 2015 07:53
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'DDD Group plc (AIM: DDD; OTCQX: DDDGY; "DDD" or the "Company") notes the recent fall in the share price and confirms that further to the announcement made on 10 February 2015 stating that the Company was considering a range of options to strengthen its balance sheet, the Company expects that agreement will be reached imminently for the issue of approximately £350,000 of Convertible Unsecured Loan Notes and an additional equity placing of up to 28,500,000 new ordinary shares of 1 pence each at a price of 2 pence per share.
Discussions are concluding with the participants however there can be no certainty that an agreement will be reached or to the final terms of the financing.
The Company expects that a successful conclusion of this financing transaction will provide sufficient working capital until at least the end of the year on the basis of continued demand for its 3D technologies together with a modest level of uptake of licenses for its recently announced 2D products, which are currently being evaluated by prospective customers.'
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all sounds a bit desperate doesn't it ?