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Interim Bridge Funding

26 Jun 2013 07:00

RNS Number : 8486H
Tanfield Group PLC
26 June 2013
 



For immediate release

26 June 2013

 

Tanfield Group plc

("Tanfield" or the "Company")

Further interim bridge funding at Smith Electric Vehicles Corp.

The Board of Tanfield announces that, Smith Electric Vehicles Corp. ("Smith"), a US company in which it has a 24% interest, has filed a Form D with the U.S. Securities and Exchange Commission reporting its receipt of $8.6m cash as part of its Series AA interim bridge funding.

The further funding allows Smith to continue its exploration of financing options to deliver its strategy and execute the next phase of its business plan.

Information on Smith

 

Smith, a company headquartered in Kansas City, Missouri, USA, designs, produces, and sells zero emission commercial electric vehicles in the United States and Europe.

 

Further information:

 

Tanfield Group Plc

Darren Kell / Charles Brooks

 

 0845 155 7755

WH Ireland

James Joyce/Nick Field-Corporate Finance

Seb Wykeham / Ruari McGirr - Corporate Broking

 

 020 7220 1666

Buchanan

Charles Ryland/ Helen Greenwood

www.buchanan.uk.com

 

 020 7466 5000

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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