14th Jul 2015 08:53
LONDON (Alliance News) - Resources-focused investment company Tricor PLC on Tuesday said it has drawn down further funds from its facility with Ellwood International Ltd and said it has issued shares to Ellwood under its consultancy agreement.
Tricor said it has drawn down GBP9,000 from the working capital facility with Ellwood and has issued 2.4 million shares to Ellwood, priced at 0.38 pence, as part of the agreement. It has also issued Ellwood 9.5 million warrants to subscribe for new shares at 0.5 pence per share.
In addition, in line with its consultancy agreement with Ellwood, Tricor has issued 1.6 million shares to the company in lieu of fees owed, priced at 0.62p per share.
Tricor shares were untraded on Tuesday, having last traded at 0.600p.
By Sam Unsted; [email protected]; @SamUAtAlliance
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