March 12 (Reuters) - EEStor Corporation ESU.V :
* EESTOR ANNOUNCES PROPOSED PRIVATE PLACEMENT AND STRATEGIC REVIEW
* EESTOR CORPORATION - DETERMINED TO COMMENCE A FORMAL PROCESS TO EXPLORE STRATEGIC ALTERNATIVES
* EESTOR - CONFIRMS THERE ARE NO MATERIAL FACTS OR MATERIAL CHANGES RELATED TO CO WHICH HAVE NOT BEEN GENERALLY DISCLOSED
* EESTOR CORPORATION - REVIEW PROCESS HAS NOT BEEN INITIATED AS A RESULT OF RECEIVING ANY TRANSACTION PROPOSAL
* EESTOR CORPORATION - STRATEGIC ALTERNATIVES MAY INCLUDE CORPORATE SALE, MERGER OR OTHER BUSINESS COMBINATION
* EESTOR - INTENDS IN PARALLEL TO CONTINUE TO ADVANCE CURRENT DISCUSSIONS WITH POTENTIAL INDUSTRIAL JOINT VENTURE PARTNERS
* EESTOR CORPORATION - CURRENTLY ACTIVELY INVOLVED IN DISCUSSIONS FOR RAISING EQUITY, EQUITY-LINKED, AND DEBT FINANCING