STI stirling products limited

announcement funding cap rising, page-29

  1. 9,324 Posts.
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    Could this have to do with the announcement made on 25/10/10 re telemedcare and funding


    The Company further advises that it has reached agreement with Global Trading
    Strategies Pty Ltd to take up a long-term cornerstone investment position in Stirling
    Products of up to a 19.9% interest with shares to be subscribed for at $0.008 each and
    a 1:2 attaching option exercisable at $0.008 each at anytime before 31 December
    2015. This subscription shall be subject to approval by shareholders at the
    forthcoming Annual General Meeting and funds advanced under this agreement will
    be provided as short-term non-interest bearing loan funds and used to supplement the
    Companys working capital needs

    DYOR
 
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Currently unlisted public company.

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