STI 0.00% 0.2¢ stirling products limited

ann out : termination of funding, page-19

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    With regard to the planned US$10 million raising for the Companys TeleMedCare
    interests through Crucible Capital as announced on 25 October 2010, this is attracting
    a high level of interest in New York and progressing as expected and is currently in
    the due diligence process. The Company advises that this funding is non diluting to
    the Company itself as it will be positioned to hold an interest in the TeleMedCare
    business directly. The Company will advise the market of any material development
    on the further progress of this financing as it materializes

    If I read this correctly STI will give up a certain amount of its holding in Telemedcare


    DYOR
 
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Currently unlisted public company.

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