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GREEN360 TECHNOLOGIES LIMITED — Capital/Financing Update 2017
Oct 24, 2017
65020_rns_2017-10-24_ca62eeab-0606-4401-a226-93286bd3f3d9.pdf
Capital/Financing Update
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ASX Release
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25 October 2017
ULTRACHARGE LIMITED ACN 140 316 463
Level 6
105 St Georges Terrace, Perth Western Australia 6000 Tel: +61 8 6558 0886 Fax: +61 8 6316 3337 Web: www.ultra-charge.net
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Corporate and Investors
Armada Capital & Equities Michael Shaw-Taylor M: +61 477 383 390 D: +61 2 9276 1203 [email protected]
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Directors
Mr Kobi Ben-Shabat Mr David Wheeler Mr Doron Nevo Mr Yuri Nehushtan Mr John Paitaridis
ASX Code :
UTR
Shares :
475,537,404
Escrow Shares: 159,980,717
Options (various) : 82,000,000
Performance Rights: 41,250,000
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Extension of Voluntary Suspension
UltraCharge Limited (ASX: UTR, UltraCharge or the Company ) advises that it is negotiating a significant partnership which has the potential to fast track its anode commercialisation.
As a result of this development, the Company has decided to postpone its proposed capital raising until the significance of this development can be fully understood and communicated to the market.
The Company expects to be in a position to update the market shortly in respect of its capital raising plans, which may include a mechanism whereby current shareholders are able to participate.
The Company will stay in suspension until negotiations are finalised and an announcement can be made in relation to the partnership referred to above.
Kobi Ben-Shabat Chief Executive Officer
About UltraCharge Limited ( www.ultra-charge.net)
UltraCharge is a battery technology company based in Israel which has acquired exclusive rights to patented technology from the Nanyang Technological University in Singapore (NTU). The technology will replace graphite in anodes (negative pole) with a nanotube gel material made from titanium dioxide, in lithium batteries. This has the potential to revolutionise the market for lithium batteries by producing a battery that is safe, has a longer lifetime and is fast charging. UltraCharge has established a laboratory facility in Israel to conduct nanotube synthesis and fabrication of the nanotube anode, and is discussing supply options with end users in the global battery market