RE: RNS1 Aug 2018 10:32
Just to let everyone know that Eqtec have their own financing agreement in place of up to 2.4m and 1.5m so they are fully funded for the year and don’t require extra financing.
Please read the RNS dated 5th July
EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, announces that it has entered into arrangements in respect of the provision of new loan facilities for up to US$3.2 million (approximately GBP2.4 million), an equity investment of GBP1.15 million
They don’t need funding from Ebioss
The Ebioss BTC deal was exclusive for that and never once did it say it would be used for EQT as EQT board is separate from Ebioss and Ebioss won’t have control anymore.
It would have been good to get extra funding as more money is good but EQT DONT NEED IT - given they have enough of their own as stated above in the RNS extract from 5 July