CalciTech Credit Facility Extended with Share Conversion.HAMILTON Hamilton, city, Bermuda Hamilton, city (1990 est. pop. 3,100), capital of Bermuda, on Bermuda Island. It is a port at the head of Great Sound, a huge lagoon and deepwater harbor protected by coral reefs. , Bermuda -- CALCITECH LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (Plus Markets:CLK CLK Clock CLK Clerk CLK CDC2-Like Kinase CLK Corel RAVE (file extension) CLK Chep Lap Kok (Hong Kong airport) CLK Ceska Lekarska Komora (Chech) ) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CLKTF) announced today it has concluded an agreement reached with Epsom Investment Services N.V. in December, 2007 in respect of the conversion of $1,259,697 of the outstanding balance of its credit facility, leaving a new balance of $1,277,837. The conversion is made at $0.30 per share, resulting in the issuance of an additional 4,198,990 shares in CalciTech Ltd. Following the conversion, CalciTech will have 99,998,665 shares outstanding with an authorised Adj. 1. authorised - endowed with authority authorized lawful - conformable to or allowed by law; "lawful methods of dissent" legitimate - of marriages and offspring; recognized as lawful share capital of 150,000,000. Epsom confirms that these shares will be distributed amongst a number of its clients and anticipates that they will be held for long-term investment purposes. Roger Leopard, CalciTech CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated, "We are pleased with Epsom having agreed to a further conversion and extension of the credit facility. The additional funds freed up in this way, over and above those from a previous conversion, will be used towards our listing upgrade and planned development of projects." THE DIRECTORS OF THE COMPANY TAKE RESPONSIBILITY FOR THIS ANNOUNCEMENT. THIS PRESS RELEASE CONTAINS "FORWARD LOOKING STATEMENTS" INCLUDING FORWARD LOOKING STATEMENTS AS THAT TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. SECURITIES ACT OF 1933 AND SECTION 21E OF THE SECURITIES AND EXCHANGE ACT OF 1934. STATEMENTS IN THIS PRESS RELEASE, WHICH ARE NOT PURELY HISTORICAL ARE FORWARD LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, EXPECTATION OR INTENTIONS CONCERNING THE FUTURE. FORWARD LOOKING STATEMENTS IN THIS PRESS RELEASE INCLUDE, BUT ARE NOT LIMITED TO STATEMENTS WHICH ARE SUBJECT TO A NUMBER OF CONTINGENCIES Contingencies (ISSN 1048-9851) is the bimonthly magazine of the American Academy of Actuaries, providing a large and diverse readership with general interest and technical articles on a wide range of issues related to the actuarial profession. AND UNCERTAINTIES, INCLUDING, BUT NOT LIMITED TO, MARKET ACCEPTANCE FOR CALCITECH'S PRODUCTS, MANUFACTURING OF CALCITECH'S PRODUCTS IN A COMMERCIAL SETTING, OBTAINING ADEQUATE FINANCING AND CONSTRUCTION MANAGEMENT FOR PRODUCTS AND OBTAINING APPROPRIATE PERMITS. IT IS IMPORTANT TO NOTE THAT THE CORPORATION'S ACTUAL OUTCOMES MAY DIFFER MATERIALLY FROM THOSE IN FORWARD LOOKING STATEMENTS CONTAINED IN THIS PRESS RELEASE. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS PRESS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THAT SUCH BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS WILL PROVE TO BE ACCURATE. READERS SHOULD REFER TO THE RISKS AND DISCLOSURES IN THE COMPANY'S PUBLIC FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion