Clear Leisure Seeks Additional Capital
February 27 2015 - 4:42AM
Dow Jones News
LONDON--Investment company Clear Leisure PLC (CLP.LN) on Friday
said it is seeking to raise additional working capital and is in
advanced discussions with a number of different parties to provide
a short term, secured debt facility.
Clear Leisure also said it has held discussions with certain
parties to subscribe for new ordinary shares conditional on the
passing of the resolutions at the company's annual general meeting
on March 11 and the withdrawal of Westhouse Securities Ltd's
petition. Discussions with Westhouse Securities are proceeding
positively, it added.
The company said it remains positive that additional capital can
be raised in the immediate short term to allow it to continue to
trade.
Shares at 0907 GMT down 0.03 pence, or 2.7%, at 0.9 pence.
-Write to Jana Simmons at jana.simmons@wsj.com
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