Biome Technologies (GB:BIOM) has released an update.
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Biome Technologies PLC is undergoing a critical re-financing to ensure the company’s continued operation, offering a mix of new ordinary shares, conversion of loan notes, and related retail offers to raise over £1 million for working capital. Shareholders are urged to support the proposed resolutions in an upcoming General Meeting to avoid potential voluntary liquidation, which could result in substantial losses. The fundraise includes significant participation from company Directors and is considered fair by an independent Director after consultation with the nominated adviser.
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