Financing update
01 June 2007 - 5:02PM
UK Regulatory
RNS Number:5972X
Biofuels Corporation PLC
01 June 2007
Biofuels Corporation plc
(the "Company")
Financing update
In its announcement of 29 May 2007, the Company confirmed that its bankers would
make available additional facilities to meet the Company's requirements from 1
June 2007.
The Company confirms that its on-demand banking facilities with Barclays, who
remain supportive of the Company, have been rolled over to 31 December 2007.
Barclays have also agreed to provide additional facilities of:
* #7.0 million for working capital and fixed capital purposes which the
Board expects to be sufficient for its interim requirements
* The deferral of payment until 31 December 2007 of future interest
payments due up to that date
1 June 2007
ENQUIRIES:
College Hill Tel: 020 7457 2020
Mark Garraway
Gareth David
This information is provided by RNS
The company news service from the London Stock Exchange
END
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