Brief: KS Energy says board believes that Co and group will both continue as going concerns

KS Energy

05/04/2017 10:33

April 5 (Reuters) - Ks Energy Ltd  KSTL.SI - 
    * Board of company believes that company and group will both 
continue as going concerns 
    * Expects overall operating cash flow to remain negative in 
next twelve months 
    * "Group plans to divest certain non-core assets" 
    * Is currently in negotiations with bondholders and a 
shareholder to restructure some of its debts by rolling over an 
aggregated outstanding sum of $74.9 million 
    * Group has also applied for and is currently awaiting 
finalisation of a bridging loan of $5 million from a financial 
institution 
 
Source text for Eikon:  ID:nSN3CfS35  
Further company coverage:  KSTL.SI  
 
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