Brief: Liberty Defense Announces Strategic Review

Liberty Defense Holdings

31/12/2019 12:06

Dec 31 (Reuters) - Liberty Defense Holdings Ltd  SCAN.V :
    * LIBERTY DEFENSE ANNOUNCES STRATEGIC REVIEW
    * LIBERTY DEFENSE- REVIEW TO RESULT IN DELAY TO  ANNOUNCED
TIMELINES, WILL ENCOMPASS FULL REVIEW OF ASPECTS OF BUSINESS,
INCLUDING FINDING STRATEGIC PARTNER
    * LIBERTY DEFENSE HOLDINGS - HAS REDUCED DEVELOPMENT SCOPE
THEREFORE STOPPING ALL OUTSOURCING WORK, COMMENCED REDUCTION OF
WORKFORCE
    * LIBERTY DEFENSE - HAS NOT BEEN ABLE TO CLOSE ON CA$2.5
MILLION
FINANCING PREVIOUSLY ANNOUNCED ON NOV 7, 2019 AND WILL BE
RETURNING FUNDS RECEIVED
    * LIBERTY DEFENSE - INTENDS TO UNDERTAKE FULL REVIEW OF ITS
INVESTOR RELATIONS PROGRAM, AND AS SUCH, ANNOUNCES DEPARTURE OF
HIGHLAND CONTACT
    * LIBERTY DEFENSE HOLDINGS LTD - DUE TO MARKET CONDITIONS
COMPANY
WAS NOT ABLE TO RAISE FUNDS REQUIRED TO CONTINUE TO MOVE FORWARD
AT ITS CURRENT PACE.

Source text for Eikon:  ID:nCNWXgjfma 
Further company coverage:  SCAN.V 

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