Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) provided an update on its financing initiatives. The Company plans to complete an equity offering within the coming weeks and is currently reviewing a number of financing options.
As quoted in the press release:
Orbite management confirms its commitment to completing an equity offering within the coming weeks. The Corporation is currently reviewing a number of financing options, including the reassessment of the terms of the offering provided in the Corporation’s prospectus dated July 15, 2013 following recent stock price variations.
Orbite Aluminae Inc. Chief Operating Officer, Glenn Kelly, said:
We are committed to our primary objective of completing construction and optimization of our HPA production facility and are confident about completing an equity financing that will raise at least a significant portion of the funds required to that end.