31st Mar 2020 11:16
31 March 2020
RiverFort Global Opportunities plc
("RGO" or the "Company")
Investment update
The Company is pleased to announce that it has participated in the £3 million medium term loan facility announced by Red T plc ("Red T") on 16 March 2020, in connection with its proposed merger with Avalon Battery Corporation. This facility will form part of an overall £14.9 million debt and equity funding arrangement. The Company will participate for up to £500,000 of the medium term loan facility, subject to certain conditions.
Red T is an energy storage solutions company listed on AIM. Further details about the company can be found at www.redtenergy.com.
Phillip Haydn-Slater, Non-executive Chairman commented:
"This investment shows that RGO plc is continuing to actively invest in small listed companies and has the flexibility to be able to provide a key part of an overall funding solution. The Company has significant funds available to deploy and is therefore continuing to look for and invest in new opportunities despite the current market turmoil."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For more information please contact:
RiverFort Global Opportunities plc | +44 20 3368 8978 | |
Phillip Haydn-Slater, Non-executive Chairman | ||
Nominated Adviser | +44 20 7628 3396 | |
Beaumont Cornish | ||
Roland Cornish/Felicity Geidt | ||
Joint Broker | +44 20 7186 9950 | |
Shard Capital Partners LLP | ||
Damon Heath/ Erik Woolgar | ||
Joint Broker | +44 20 7562 3351 | |
Peterhouse Capital Limited | ||
Lucy Williams |
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