Brief: Advanced Oncotherapy Announces Further Update On Financing Discussions

Advanced Oncotherapy

02/04/2024 15:54

April 2 (Reuters) - Advanced Oncotherapy PLC  AVO.L :
    * ADVANCED ONCOTHERAPY  - FURTHER UPDATE ON FINANCING
DISCUSSIONS
    * ADVANCED ONCOTHERAPY: FURTHER DELAYS ENCOUNTERED WITH
PROPOSED
FINANCING TRANSACTION, INITIAL TRANCHE OF FUNDING NOT RECEIVED
BY CO BY END OF MARCH
    * ADVANCED ONCOTHERAPY PLC - ALSO REMAINS IN ADVANCED
DISCUSSIONS
WITH A THIRD-PARTY INVESTOR REGARDING A SHORT-TERM LOAN FACILITY
    * ADVANCED ONCOTHERAPY: CO & INVESTOR WORKING TOWARDS
INITIAL
TRANCHE OF FUNDING,STILL EXPECTED TO BE ABOUT $15 MILLION, BEING
RECEIVED DURING APRIL 2024
    * ADVANCED ONCOTHERAPY: WITHOUT ACCESS TO EXTRA CAPITAL, CO
UNLIKELY TO CONTINUE TO TRADE, TO LIKELY BECOME INSOLVENT & BE
PLACED INTO ADMINISTRATION

Source text for Eikon:  ID:nRSB0244Ja 
Further company coverage:  AVO.L 

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