30th Oct 2015 15:43
LONDON (Alliance News) - Rurelec PLC Friday said it was at an advanced stage of arranging a short-term loan of GBP600,000, to provide it with time to source further long term funding.
The power generation capacity operator and developer made the announcement following a sharp jump in its share price, which it said it had noted. Shares in Rurelec were up 168% at 1.47 pence Friday.
Rurelec said there could be no guarantee that the loan will be successful, and it will make a further announcement in due course.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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