RE: There is the placing9 Jul 2020 08:16
The Company will use the funds raised for:
1. specific project development capital to be deployed to accelerate the timing of identified projects, using RDF in the UK and Ireland and Biomass in Europe, to financial close and invoicing by EQTEC ;
2. the settlement of outstanding principal, interest and fees due to the Riverfort Lenders, up to an amount of approximately £311,000 further to the Debt Reprofiling arrangements set out in the Company's announcement of 1 June 2020 ;
3. further IP development, contract suite improvement, IoT software development and additional human resource; and
4. the Group's general working capital requirements.