Brief: Simonds Group Announces Market Update

Simonds

07/11/2022 01:22

Nov 7 (Reuters) - Simonds Group Ltd  SIO.AX :
    * MARKET UPDATE
    * OPTIONS INCLUDE A CAPITAL SOLUTION ON TERMS YET TO BE
DETERMINED
    * MAJOR SHAREHOLDER HAS GIVEN ITS IN-PRINCIPLE SUPPORT TO A
CAPITAL SOLUTION
    * CONFIDENT THAT ADDITIONAL FUNDING WILL ALLOW CO TO
CONTINUE TO
OPERATE STRATEGICALLY DURING THIS ADVERSE PERIOD

Source text for Eikon:  ID:nASX5CQWMJ 
Further company coverage:  SIO.AX