Tanfield Group PLC - investment firm headquartered in Newcastle Upon Tyne - Says additional loan of £125,000 subscribed to, taking value of loan agreed in March 2020 to £625,000. ‘Following discussions with the existing shareholders, the board are of the opinion that further loan funding may be necessary to ensure that the company can continue to protect its investment in Snorkel,’ Tanfield says. Snorkel is Tanfield’s 49%-owned investee.

Current stock price: 1.70 pence, down 24% on Thursday

12-month change: down 29%

Copyright 2022 Alliance News Limited. All Rights Reserved.