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BRIEF-Eestor Corp Determined To Commence A Formal Process To Explore Strategic Alternatives

Published 2019-03-12, 04:03 p/m
BRIEF-Eestor Corp Determined To Commence A Formal Process To Explore Strategic Alternatives
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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

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