Warsaw (Puls Biznesu) – Today, shareholders of Orzel will decide to issue bonds and conduct reverse-split.
In line with what “PB” has already informed about, Orzel, a company from Lower Silesia will get a cash injections. Evip Progress, a consulting company, will invest PLN 4m (EUR 1m) in the producer of linen textiles. The company will buy 16m convertible bonds which today’s GSM will approve of. Then, Evip Progress wants to invest further PLN 1.6m in the company. In addition, the investor will pay PLN 800,000 till the end of 2009. Investor’s representatives will become members of the supervisory board.