GeoSentric Oyj - Company Announcement

GEOSENTRIC HAS RECEIVED COMMITMENT FOR SHORT-TERM FUNDING FROM ITS MAIN INVESTORS AND CONTINUES DISCUSSIONS WITH ALTENATIVE ACQUISION TARGETS

GEOSENTRIC OYJ    STOCK EXCHANGE RELEASE March 22, 2013 at 16:35





GEOSENTRIC HAS RECEIVED COMMITMENT FOR SHORT-TERM FUNDING FROM ITS MAIN
INVESTORS AND CONTINUES DISCUSSIONS WITH ALTENATIVE ACQUISION TARGETS 



GeoSentric Oyj announced on March 11, 2013 that that the negotiations with
Sinophi had been terminated and that GeoSentric had commenced negotiations with
another acquisition target based on a similar deal structure that was
negotiated with Sinophi. GeoSentric also announced that its key investors had
indicated their commitment for additional short-term funding. 



The Company now announces that it has received a signed confirmation for this
short-term funding that will enable GeoSentric to complete the acquisition or,
in the event of non-completion, orderly wind-down of its business. 



The company also reports that it is continuing its negotiations with other
acquisition targets but has not yet reached a conclusion. The Company will
release further details as they become available. 





GEOSENTRIC OYJ



Board of Directors



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NASDAQ OMX Helsinki

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