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Update on Unsecured Convertible Loan Note Facility EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, announces that further to the statement of 28 February 2018, the Board of Directors has decided not to proceed with any further draw down amounts under the Unsecured Convertible Loan Note Facility Agreement of up to �7.5 million ("Loan Notes"). In addition, the Company has agreed in principle, and is in preliminary discussions with the investor and the Company's advisers, to cancel the Loan Note Agreement, and for the redemption of existing amounts outstanding at the earliest opportunity. A further announcement will be made in due course as appropriate.
Update on Unsecured Convertible Loan Note Facility EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, announces that further to the statement of 28 February 2018, the Board of Directors has decided not to proceed with any further draw down amounts under the Unsecured Convertible Loan Note Facility Agreement of up to �7.5 million ("Loan Notes"). In addition, the Company has agreed in principle, and is in preliminary discussions with the investor and the Company's advisers, to cancel the Loan Note Agreement, and for the redemption of existing amounts outstanding at the earliest opportunity. A further announcement will be made in due course as appropriate.
Wish it was over my garden https://www.zerohedge.com/news/2018-03-15/russian-plane-loses-tons-gold-and-precious-metals-takeoff
The only other time I have seen it was with TPOP when there was an issue with allocating shares and the MMs couldn't balance the books after forward selling. Without a rule being mentioned by AIM it could be that they require clarification on something - usually financial. Not wanting to scare anyone, just an observation. Could be nothing, could be good news.
The RNS was put out by AIM. If it was at the request of the company then AIM would have stated it. https://www.investegate.co.uk/Index.aspx?searchtype=2&words=AIM
More pics of the kit being unloaded https://twitter.com/zenithenergyltd/status/973549519995654145
Delivery of second consignment of Chinese oil production materials begins in Azerbaijan https://twitter.com/zenithenergyltd/status/973519310864965633
https://twitter.com/zenithenergyltd/status/972083880214843397