Brief: Farm 51 Group Cannot Rule Out Negative Effects Of Coronavirus Epidemic On Its Financial Standing

Farm 51 SA

06/04/2020 08:52

April 6 (Reuters) - Farm 51 Group SA  F51.WA :
    * SAID ON FRIDAY THAT THE CORONAVIRUS PANDEMIC CIRCUMSTANCES
ARE
EXTREMELY DYNAMIC AND GROUP CANNOT RULE OUT THE APPEARANCE OF
NEGATIVE EFFECTS AND THEIR IMPACT ON THE COMPANY'S FINANCIAL
STANDING IN THE FUTURE
    * SAID THAT THREE MEMBERS OF THE MANAGEMENT BOARD HAVE
DECIDED TO
SECURE FINANCIAL RESOURCES FOR THE COMPANY'S OPERATIONS THROUGH
SALE OF THEIR RESPECTIVE STAKES AND EACH OF THEM WILL CONTRIBUTE
UP TO 1 MILLION ZLOTYS
    * THE ABOVE MENTIONED FUNDS WILL BE CONTRIBUTED IN THE FORM
OF
BILLS OF EXCHANGE ISSUED FOR THE GROUP, DEPENDING ON THE NEEDS
THAT WILL ARISE AND WILL HAVE AN IMPACT ON POSSIBLE
DETERIORATION OF COMPANY'S FINANCIAL STANDING
    * FUNDS FROM THE SHAREHOLDERS WILL SUPPORT GROUP'S FINANCIAL
LIQUIDITY AND WILL ALLOW THE COMPANY TO CONTINUE THE WORKS ON
THE "WORLD WAR 3" GAME
    * THE WORKS INCLUDE THE ONGOING NEGOTIATION PROCESS WITH A
GLOBAL
ENTITY SPECIALIZING IN ONLINE MULTIPLAYER GAMES SECTOR, ENABLING
THE DEVELOPMENT OF THE "WORLD WAR 3" BRAND IN THE CONTEXT OF
PREMIERE OF GAME'S FINAL VERSIONS AND THEIR WEBSITE AFTER THE
PREMIERE

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM24qy4ha
    
 Further company coverage:  F51.WA  
   


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