Pressure Technologies Plc - Update on the proposed sale of Greenlane Biogas

Update on the proposed sale of Greenlane Biogas

Pressure Technologies, the specialist engineering group, is pleased to announce that further to the update on 13 May 2019 on the proposed sale of the Group's wholly-owned subsidiary, PT Biogas Holdings Limited, trading as Greenlane Biogas ("Proposed Sale"), to Creation Capital Corp (TSX-V: CRN.P), a capital pool company listed on the TSX Venture Exchange ("TSX-V"),  Creation Capital has announced that it has received sufficient orders to achieve the $6 million minimum amount and the subscription receipt offering is expected to complete this week.  Final details of the total amount raised, and terms of the Proposed Sale will be announced at Completion, which is expected to be before the end of May 2019.