ENDS- Further information: Maurice Feilich, Executive Chairman: +61 (0) 411 545 262 Released through: Ben Jarvis, Six Degrees Investor Relations: +61 (0) 413 150 448 [email protected] , (Next-Battery) [email protected] / www.next-battery.com
I cannot open the website www.next-battery.com apparently the company Next-Battery no longer exists. I can't find anything about the company. Very strange and we invested 25% in there and now lost everything? Things are not going well here, first lithium in Africa, and now gold? What are we waiting for here? Do we have good prospects?
20.03.2020
HIPO Resources Limited (ASX: HIP) (HIPO or the Company) wishes to update shareholders on Next- Battery, the lithium-ion battery technology company in which HIPO holds a 25% interest with an option to move to 35% by a further US$1m investment. As referred to in the Company’s last quarterly Next-Battery is currently conducting a strategic funding round to continue development of its commercial prototypes and to significantly advance existing relationships with ultra-capacitor storage companies and various other potential partners. At this stage the Company is unlikely to exercise its rights to acquire an additional 10% interest in Next-Battery. However, the Company may consider further investments in Next-Battery as part of a broader capital raising or upon milestone success with regards to their technologies. The Company will update the market on developments by Next-Battery in due course.
QXR Price at posting:
2.0¢ Sentiment: Sell Disclosure: Held
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