powerlan, page-11

re: powerlan....gone bonkers Just nostalgic interest for me


Oh boy. just noticed the anncmt

and 15c yesterday


Powerlan in talks over funding
11:11, Friday, 22 April 2005

Sydney - Friday - April 22: (RWE Australian Business News) -
Directors of Powerlan Ltd (ASX: PWR) say they are in discussions with a
group of investors, led by the CPS Group (www.cps.com.au), to provide
funding for the discharge of current secured creditors and provide
additional working capital.
It is proposed that this funding will be provided through the
issue of convertible loan notes, which (subject to the approval of
Powerlan shareholders) shall be convertible into ordinary shares in
Powerlan.
It is intended that final agreements will be executed over the
next week.
ENDS