Brief: Eestor Corp Determined To Commence A Formal Process To Explore Strategic Alternatives

FuelPositive

12/03/2019 20:03

March 12 (Reuters) - EEStor Corporation  ESU.V :
    * EESTOR ANNOUNCES PROPOSED PRIVATE PLACEMENT AND STRATEGIC
REVIEW
    * EESTOR CORPORATION - DETERMINED TO COMMENCE A FORMAL
PROCESS TO
EXPLORE STRATEGIC ALTERNATIVES
    * EESTOR - CONFIRMS THERE ARE NO MATERIAL FACTS OR MATERIAL
CHANGES RELATED TO CO WHICH HAVE NOT BEEN GENERALLY DISCLOSED
    * EESTOR CORPORATION - REVIEW PROCESS HAS NOT BEEN INITIATED
AS A
RESULT OF RECEIVING ANY TRANSACTION PROPOSAL
    * EESTOR CORPORATION - STRATEGIC ALTERNATIVES MAY INCLUDE
CORPORATE SALE, MERGER OR OTHER BUSINESS COMBINATION
    * EESTOR - INTENDS IN PARALLEL TO CONTINUE TO ADVANCE
CURRENT
DISCUSSIONS WITH POTENTIAL INDUSTRIAL JOINT VENTURE PARTNERS
    * EESTOR CORPORATION - CURRENTLY ACTIVELY INVOLVED IN
DISCUSSIONS
FOR RAISING EQUITY, EQUITY-LINKED, AND DEBT FINANCING

Source text for Eikon:  ID:nGNX9xPJXC 
Further company coverage:  ESU.V 

 ((Reuters.Briefs@thomsonreuters.com;))