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Regenesis Group

  • BY: Andrew Hore |
  • POSTED: 31/08/2008 |

Short-term asset finance provider Regenesis Group has decided not to cancel its Aim quotation.

The shares rose 0.05p to 0.6p, which values Regenesis at £360,000.

Merchant Corporate, in which Aim-quoted corporate finance business Merchant House owns 48%, is investing £62,500 at 0.5p a share in return for a 17.3% stake. It is also making available a convertible loan of £187,500 - £127,500 of this loan is dependent on two Merchant Corporate nominees becoming directors of Regenesis.

The plan is to make more use of the capital and experience of Merchant Corporate when the financial markets settle down. 

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