Greatcell battle to raise funds after voluntary suspension of shares

Company News

by Rachael Jones

Greatcell Solar (ASX:GSL) have announced they are continuing to source various funding options after requesting voluntary suspension of shares last week.

Queanbeyan-based solar company is consulting government agencies in Australia and overseas as well as its key stakeholders

They are hoping to finance a project co located at CSIRO in Victoria expected to cost around $15 to $20 million dollars.
It’s expected to take up to four weeks for negotiations to be complete and documentation finalised.

Shares in Greatcall last traded at $0.17 on Feb 28th 2018
 

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?