In a busy day for news, Renergen lifted after it got a financial boost from Italy's SOL group, while Sasfin confirmed its new chair. In international news, the US is pressing ahead with plans to secure its supply of strategically important microchips.said on Wednesday that Airsol, part of Italian industrial gases group Airsol, had subscribed for an additional $4 million in convertible debentures, bringing its total to $7 million.
"The two groups have been working closely on this transaction for some time now, and it is pleasing to see the results of the detailed technical due diligence culminate in what promises to be a mutually beneficial transaction for both parties as SOL gains access to upstream helium, and Renergen the benefit of technical partnerships as we roll out the Virginia Gas Project," said Stefano Marani, CEO of Renergen, in a statement.
Source: News Formal (newsformal.com)