19th Aug 2024 20:34
Libertine Holdings PLC - Sheffield, England-based linear generator technology developer - Confirms it has not received loan funding from Reliant FZCO in-line with the bridging loan agreement. Had anticipated receiving the first GBP110,000 tranche of the loan amount by last Friday and the second GBP110,000 tranche by September 14. Says currently has cash resources to maintain operations until late August. But given the current financial situation and the timing uncertainty around the receipt of funds the board will continue to seek advice on the appropriate next steps during August. This includes evaluating the progress and timing of any potential transaction in relation to the process being advised on by Interpath Advisory, as announced on August 7. Under this Libertine is exploring a potential sale of its wholly owned subsidiary Libertine FPE Ltd. Read More
