Further re Extension of Option (5485A)
02 Aprile 2012 - 8:01AM
UK Regulatory
TIDMPHE
RNS Number : 5485A
Powerhouse Energy Group PLC
02 April 2012
2 April 2012
PowerHouse Energy Group plc
("The Company" or "PowerHouse")
Further Re. Proposed acquisition of Pyromex Holding, AG -
Extension of Option
Further to the announcement made on 1 March 2012 regarding
PowerHouse's exercise of an option notice to acquire the remaining
70 per cent. interest in Pyromex Holding, AG ("Pyromex"), the
Company announces that by mutual agreement the option period has
been extended to 16 April 2012.
The Directors believe they are in the final stages of securing a
significant level of funding which the Company requires to complete
the acquisition of Pyromex, to execute its business plans for
Pyromex, to restructure its US business and which is necessary to
continue the operations of the Company.
A further announcement will be made in due course.
For additional information please contact:
PowerHouse Energy Group plc
Ross Lyndon-James +44 (0) 20 7887 1362
Merchant Securities Limited (NOMAD and Broker)
David Worlidge/Simon Clements
+44 (0) 20 7628 2200
Pelham Bell Pottinger
Nick Lambert / Charles Stewart
+44 (0) 20 7861 3232
Notes to Editors:
-- PowerHouse is a leading provider of economically proven,
on-site, clean energy systems that use traditional and renewable
forms of fuel to generate electric and thermal energy in an
environmentally responsible way. PowerHouse's forward development
strategy includes the conversion of waste and coal and coal waste
to cleaner liquid fuels including diesel and jet fuels
-- PowerHouse offers a complete turnkey waste/biomass to energy
equipment solution either by: direct sale or energy supply under
long term power purchase agreements
-- PowerHouse's shares trade on the Alternative Investment Market under the ticker (PHE)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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