Interim Bridge Funding

RNS Number : 8486H

Tanfield Group PLC

26 June 2013

 



For immediate release

26 June 2013

Tanfield Group plc

("Tanfield" or the "Company")

Further interim bridge funding at Smith Electric Vehicles Corp.

The Board of Tanfield announces that, Smith Electric Vehicles Corp. ("Smith"), a US company in which it has a 24% interest, has filed a Form D with the U.S. Securities and Exchange Commission reporting its receipt of $8.6m cash as part of its Series AA interim bridge funding. 

The further funding allows Smith to continue its exploration of financing options to deliver its strategy and execute the next phase of its business plan.

Information on Smith

Smith, a company headquartered in Kansas City, Missouri, USA, designs, produces, and sells zero emission commercial electric vehicles in the United States and Europe.   

Further information:

Tanfield Group Plc Darren Kell / Charles Brooks	0845 155 7755
WH Ireland James Joyce/Nick Field-Corporate Finance Seb Wykeham / Ruari McGirr - Corporate Broking	020 7220 1666
Buchanan Charles Ryland/ Helen Greenwood www.buchanan.uk.com	020 7466 5000

 

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