3rd Mar 2022 21:30
Tanfield Group PLC - investment firm headquartered in Newcastle Upon Tyne - Says additional loan of GBP125,000 subscribed to, taking value of loan agreed in March 2020 to GBP625,000. "Following discussions with the existing shareholders, the board are of the opinion that further loan funding may be necessary to ensure that the company can continue to protect its investment in Snorkel," Tanfield says. Snorkel is Tanfield's 49%-owned investee.
Current stock price: 1.70 pence, down 24% on Thursday
12-month change: down 29%
By Eric Cunha; [email protected]
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