13th Aug 2007 07:01
Commoditrade Inc.13 August 2007 13 August 2007 Commoditrade Inc. ("Commoditrade" or "the Company") Update The Company announced on 1 May 2007 that active discussions were continuing witha number of interested parties which may or may not lead to an offer for theCompany. The Company confirms that these discussions are ongoing. In addition and in parallel, the Company confirms that it is also in discussionswith potential financial partners to secure additional capital for the Company,which will enable it to pursue a number of identified growth opportunities andother potential strategies to generate enhanced shareholder value. On the basisof the Company's discussions to date with these parties as well as theinterested parties referenced above, there can be no assurances that atransaction will ultimately be concluded. Commenting, Graham Butt, Chief Executive Officer of Commoditrade said: "While discussions with interested parties continue, we believe it is in thebest interest of Commoditrade and its shareholders to concurrently pursue itsstrategy to conclude a transaction that will enhance the growth potential of theCompany and at the same time generate significant shareholder value." -ends- Enquiries: John Bick m: +44(0)7917 649362 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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