LONDON (Thomson Financial) - Biocare Solutions PLC said its substantial
shareholder RAB Special Situations (Master) Fund Ltd has agreed to advance up to
1.03 mln stg to the company at a rate of 2 pct per month.
The company said it plans to use the loan to fund working capital
requirements associated with commissioning and transferring production to the
company's new facility in Ferrandina in Italy.
TFN.newsdesk@thomson.com
rda/slj
COPYRIGHT
Copyright AFX News Limited 2007. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by
framing or similar means, is expressly prohibited without the prior written
consent of AFX News.
|