Metal Storm: Down but not out

Posted January 5, 2010 in Other Gear & Gadgets by Steve Johnson with 3 Comments
Tags: Other Gear & Gadgets

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

I founded TFB in 2007 and over 10 years worked tirelessly, with the help of my team, to build it up into the largest gun blog online. I retired as Editor in Chief in 2017. During my decade at TFB I was fortunate to work with the most amazing talented writers and genuinely good people!