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2009-11-23 07:30:00 CET 2009-11-23 07:30:02 CET REGULATED INFORMATION GeoSentric Oyj - Company AnnouncementGEOSENTRIC RECEIVES FIRST INVESTMENT COMMITMENT IN ITS OFFERINGGEOSENTRIC OYJ BULLETIN November 23, 2009 at 08:30 GEOSENTRIC RECEIVES FIRST INVESTMENT COMMITMENT IN ITS OFFERING As previously informed GeoSentric Oyj has been preparing a new financing round to raise up to EUR 25,000,000 to secure the working capital needs of the group and support the execution of the business plan. More details of the offering can be found in Company's Q3 interim report to be released on November 23, 2009. The offering has also been authorized by the Company's Extraordinary General Meeting held on November 17, 2009. GeoSentric Oyj has now received the first investment commitment of EUR 7,500,000 from the lead investor participating in the offering. The offering will continue until March 31st 2010 unless closed before. The final terms of the financing will be confirmed upon closing. November 23, 2009 GeoSentric Oyj Distribution: Helsinki Exchanges Principal news media |
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