Brief: Cortus Energy: Struggles with Höganäs-project lead to lack of funding
27/08/2018 08:50
Aug 27 (Reuters) - Cortus Energy COEN.ST :
* Said on Monday had experienced accelerated and burdensome
cost
increases and delays in connection with the construction of the
first industrial WoodRoll facility at Höganäs AB
* As result expects a cash gap to occur by end of year
(November)
* Says is making efforts to resolve situation, new share
issue
cannot be excluded
* Co's stock at 2-yr low, down 48 pct
Source text for Eikon: urn:newsml:reuters.com:*:nGNE26Zfb9
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