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2011-07-12 10:40:00 CEST 2011-07-12 10:40:02 CEST REGULATED INFORMATION GeoSentric Oyj - Company AnnouncementFINANCING UPDATE, DISCUSSIONS BETWEEN MAJOR SHAREHOLDERS AND LEAD INVESTOR CONCERNING THE MANNER OF THE EXECUTION OF THE LEAD INVESTOR'S FINANCING PROPOSAL ARE CONTINUINGGEOSENTRIC OYJ STOCK EXCHANGE RELEASE July 12, 2011 at 11:40 FINANCING UPDATE, DISCUSSIONS BETWEEN MAJOR SHAREHOLDERS AND LEAD INVESTOR CONCERNING THE MANNER OF THE EXECUTION OF THE LEAD INVESTOR'S FINANCING PROPOSAL ARE CONTINUING As previously announced on July 1, 2011 the Company has been informed by its lead investor and a group of the Company's largest shareholders that they have reached an agreement on the manner of execution of the lead investor's financing proposal (the “Proposal”) and the planned support and participation of this group of largest shareholders in this planned financing. Their agreement may also introduce some changes to the terms of the Proposal. The Company has been informed that these discussions are continuing and that final agreement on the full details of the financing proposal is expected soon. The Company has been assured that this agreement between the lead investor and the group of largest shareholders will secure the group's short-term financing needs and will provide a way forward for a long-term financing solution. The Company expects to announce further details of the above-mentioned agreement between the group of largest shareholders and the lead investor within the next days to come after receiving this information. GeoSentric Oyj For more information, please contact: investors@gypsii.com Distribution: NASDAQ OMX Helsinki Principal news media |
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