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BRIEF-Cosalt says may enter insolvency before Feb. 28 without new funding
February 7, 2013 / 7:11 AM / in 5 years

BRIEF-Cosalt says may enter insolvency before Feb. 28 without new funding

Feb 7 (Reuters) - Cosalt PLC : * Is in discussions with potential buyers of its two main operating businesses * Directors continue to believe that the sales would not result in any value

being attributable to shareholders * Directors’ opinion that the disposals remain the best way of ensuring their

long term future * No alternative source of funding is currently available to the group. * If banks conditions cannot be met, likely to enter insolvency proceedings on

or before 28 February 2013.

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