GeoSentric Oyj - Company Announcement

SHORT-TERM BRIDGE FINANCING AGREED TO MAINTAIN SOLVENCY

GEOSENTRIC OYJ      STOCK EXCHANGE RELEASE June 8, 2011 at 11:30





SHORT-TERM BRIDGE FINANCING AGREED TO MAINTAIN SOLVENCY



As previously announced on June 1, 2011, the discussions with the lead investor
and some of the largest shareholders are ongoing and will take some more time
to complete. As the Company does not have sufficient funds to continue its
operations through that period, the lead investor has agreed to provide
additional finance via a further extension, on the same terms, of €750k to the
existing preferred convertible loan notes issued by its wholly owned
subsidiary, GeoSolutions Holdings NV (“GHNV”). This additional finance enables
the Group to continue operations until the end of June 2011. The Company drew
down the full amount of €750k on June 7, 2011. 



Meanwhile the Company continues discussions with the lead investor and the
group of some of the largest shareholders. The parties have jointly agreed to
complete the process by the end of June. The lead investor has also further
confirmed that they are still in support of their original Proposal should
there be no agreement reached in the discussions with the group of some of the
largest shareholders. 





GeoSentric Oyj





For more information, please contact: investors@gypsii.com



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