Active Energy Group (AEG) has raised £0.8m via the subscription of convertible loan notes by new US and existing European investors. The funds will be immediately deployed to accelerate the expansion of the Group’s lumber activities in North Carolina to satisfy increasing demand. It is anticipated that a second shift at the sawmill will begin in around three weeks’ time and will facilitate an increase in production of rail ties and lumber while also satisfying increasing dem
22 Jun 2020
Issue of £0.8m CLN to accelerate lumber production
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Issue of £0.8m CLN to accelerate lumber production
Active Energy Group plc (AEG:LON) | 0 0 7.1% | Mkt Cap: 0.61m
- Published:
22 Jun 2020 -
Author:
Ian Jermin -
Pages:
5
Active Energy Group (AEG) has raised £0.8m via the subscription of convertible loan notes by new US and existing European investors. The funds will be immediately deployed to accelerate the expansion of the Group’s lumber activities in North Carolina to satisfy increasing demand. It is anticipated that a second shift at the sawmill will begin in around three weeks’ time and will facilitate an increase in production of rail ties and lumber while also satisfying increasing dem