Oh dear, more problems...from the quarterly.
(rdnoic, any thoughts?)
“Debt Facility
On 30 December 2019, the Company announced that it had agreed to a long-term debt facility of EUR 7,500,000 with a Swiss based sophisticated investor introduced by Helvetican International AG (Debt Facility).
As at the date of this announcement, the Company is yet to receive funding under the Debt Facility and there is no certainty the facility will be entered into.
However the Company advises it is in communication with Helvetican who have advised that they will work with EUR in the future when there is more visibility on the economic environment. As a result of the delays, Helvetican has agreed to cancel 38 million options previously issued to it”
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- Ann: 31 March 2020 Quarterly Report
Ann: 31 March 2020 Quarterly Report, page-4
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