Aqualife A/S
Praetorian update: aresa has not yet obtained guarantee of a capital increase.
Aresa A/S / Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- The independent analysis provider, Praetorian Research has published their latest update regarding aresa, and states: Kill or cure aresa has not yet obtained guarantee of a capital increase. If such guarantee is not obtained by end of December aresa will cease operations. Even if aresa needs to obtain guarantees for only DKK 10m the probability of success is small, as obviously time is running out and capital markets remain sluggish. We assess aresa's cash balance at DKK 7m in case of liquidation, equal to DKK 2.9 per share. The entire analysis can be found in the attached document. For more information, please contact Jesper Ilsøe, Praetorian Research, tlf: +45 5025 3000, email: info@p-research.dk or Steen Thaarup CEO Phone: +45 7022 7747 Mobile: +45 4077 8695 E-mail: st@aresa.dk The company's certified advisor is Dahl-Sørensen & Partners A/S, Allan Reimann, tel.: +45 3364 9205. About Aresa Aresa is originally a plant biotech company established in 2001 as an off-spring from the Institute of Molecular Biology at Copenhagen University. Aresa wants to focus on the development of mine affected soil to productive use. Aresa shares are traded at the Nasdaq/OMX-First North stock exchange since the introduction in 2006. Aresa is based at Symbion Science Park in Copenhagen and has two subsidiaries in Croatia and Serbia. News Source: NASDAQ OMX 22.12.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Aresa A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0060031094 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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