Metal Storm: Down but not out

Just after Metal Storm share trading was halted by the ASX, the company announced they have secured funding from a UK investment group …

Metal Storm Limited is pleased to announce that it has entered into an agreement in relation to an A$20.2 million equity line of credit (LOC) facility from UK-based investment fund Global Emerging Markets (GEM) Global Yield Fund to provide funds for the commercialisation of Metal Storm’s core defence technology products.

[ Many thanks to Daniel E. Watters for sending me the info. ]

Steve Johnson

Founder and Dictator-In-Chief of TFB. A passionate gun owner, a shooting enthusiast and totally tacti-uncool. Favorite first date location: any gun range. Steve can be contacted here.