Terraoil Swiss announces placement of up to CHF 15 Million CLN and preparations for listing
18 February 2020
On 24 October 2019, Terraoil Swiss, together with CAT Financial Products Ltd, hosted a lunch event in Zurich to present the Company and its strategy, and inform potential investors about the CHF 15 million CLN. The lunch event was attended by a large number of national and international qualified investors and several participants joined from London and other European capitals.
In order to conclude the pre-listing funding, in parallel, a US$ 15 Million CLN for qualified investors has also been approved for marketing in the first half of 2020 and has already attracted investors. CAT Financial Products Ltd (CT3 Issuer Limited, Guernsey) has launched a structured product as of February 2020, that can be used to indirectly invest in Terraoil. The corresponding ISIN number is CH0477836792 and the product can only be purchased by qualified investors directly from banks.
Terraoil is also proceeding with the preparations for a listing on an internationally recognized stock exchange.