DGAP-News: Rebootizer Group PLC: Funding update
(firmenpresse) - DGAP-News: Rebootizer Group PLC / Key word(s): Miscellaneous
Rebootizer Group PLC: Funding update
16.09.2011 / 16:28
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Further to the company's announcement of 16th August 2011 the company is
providing an update on the funding negotiations. The negotiations have not
been completed although discussions are ongoing. Due to the failure of the
negotiations to come to a successful conclusion the company was put in a
perilous financial position and in order not to be wound up the company
needed to obtain finance. The investors with whom the company has been
negotiating, have advanced to the company the aggregate sum of Euro
250,000. These facilities are fully secured against all of the assets of
the company. In the event that the proposed transaction does not complete
the company would not be in a position to repay the loans advanced to the
company unless the company raised additional funding. There is no
guarantee that the proposed investors will enter into a transaction or in
the event that they do not that the company would be able to obtain
additional funding to repay the loans advanced. Due to this considerable
uncertainty, the company has decided to seek a suspension of the company's
shares. The company will make a further announcement in due course.
About Rebootizer Group plc
Rebootizer Group is an independent, exchange listed company (ticker: R3T),
in the international functional food market. The Group has distributor
agreements for its detox shaker, rebootizer(R), in Europe, South America
and the US.The ingredients of rebootizer(R) are known for both their
antioxidant properties and digestive functions (anti-spasmodic,
anti-inflammatory, liver-protective) granting a better digestion for food
and drink consumption.
** END OF NEWS RELEASE **
This news release may contain certain forward-looking statements,
expectations, intentions, strategies and beliefs regarding the future. All
statements contained herein are based upon information available to the
management of Rebootizer Group plc as of the date hereof, and actual
results may vary based upon future events, both within and without the
control of the management, including risks and uncertainties that could
cause actual results to differ materially.
Management does not take any responsibility to update the contents of this
News Release in case new aspects arise or new conditions change the facts
available.
Rebootizer Group plc, 2nd floor, 14 Hays Mews, London, UK
www.rebootizergroup.com
ISIN: GB00B6194J40; German Code: R3T; WKN: A1CU1Q
Stock Exchanges: Frankfurt, Vienna, Xetra
End of Corporate News
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16.09.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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139598 16.09.2011
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Datum: 16.09.2011 - 16:28 Uhr
Sprache: Deutsch
News-ID 64976
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