PSD Psource

TIDMPSD

RNS Number : 9106W

PSource Structured Debt Limited

01 February 2013

1 February 2013

PSource Structured Debt Limited

Investment by Abu Dhabi partner in Parabel

The board of PSource Structured Debt Limited ("PSD", the "Company") notes the recent announcement by Parabel Inc (the Company's largest holding) of a $15m investment by an Abu Dhabi partner. The board of PSD are considering the valuation implications for the Company and will make an announcement as soon as practicable. The text of Parabel, Inc's press release is set out below:

Parabel Receives $15 Million Investment

Abu Dhabi partner will provide financial and strategic support

MELBOURNE, Fla. -- January 31, 2013

Parabel Inc. (OTCQB: PABL), a global provider of micro-crop technology for the commercial production of feed and food, today announced an investment of $15,000,000 in the form of a convertible note from an Abu Dhabi partner.

"This transaction will be important, not only in helping to finance the company's aggressive commercialization plans, but also in terms of strategically positioning Parabel in critical markets in Africa, Asia and the Middle East," said Anthony Tiarks, Chairman and CEO of Parabel. "I am delighted to confirm this substantial injection of funds into Parabel, and I am excited about the opportunity to work closely with our partner in Abu Dhabi to enable the company to achieve its significant commercial potential."

 
 
   For further information, please 
   contact: 
 
 PSource Capital Limited              +44 20 3327 5251 
 Soondra Appavoo 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

PFUKFLBBXLFZBBB

Psource (LSE:PSD)
Historical Stock Chart
From May 2024 to Jun 2024

Psource (LSE:PSD)
Historical Stock Chart
From Jun 2023 to Jun 2024