Radicle Projects announces Annual General Meeting
Radicle Projects has today sent a circular to shareholders giving notice of its Annual General Meeting ("AGM") to be convened on Thursday 31 December 2009. The Company is not yet able to present the full year accounts to 30 June 2009 and therefore it intends to convene a separate general meeting of shareholders in January 2010 to deal with the appointment of auditors and receive and adopt the 2009 Report and Accounts.
The Company expects to announce its preliminary statement of the unaudited accounts for the year to 30 June 2009 on or before 24 December 2009, with the audited accounts to be published shortly thereafter.
As the Company announced on 17 November 2009, the Company is working towards a proposed restructuring of the terms of the Convertible Notes which is conditional upon the Company securing funding adequate to meet working capital requirements. The funds required to meet these requirements are expected to be met from a placing of new ordinary shares to certain existing shareholders and new institutional investors.
The Company hopes to announce the progress of the restructuring proposals and the placing shortly.
Further announcements will be made in due course.
Please visit our Shareholder Announcements on this website to view the Notice of Annual General Meeting and the Annual General Meeting Proxy Form.
