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

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.