Limitless has made a further investment in Saxa Gres, a private Italian company focused on waste recycling industrial waste into the production of porcelain stoneware tiles.
In December 2015, Limitless invested €350,000 acquiring 350 SaxaBond notes each of which had a nominal value of €1,000 and a coupon of 10%.
The notes were accompanied by options to acquire 1.655% of the equity share capital of Saxa Gres, at an exercise price of €1.
Limitless said it had now increased its investment in Saxa Gres by acquiring a further 267 notes for a value of €267,000 with options to acquire another 1.333% of its equity share capital at an exercise price of €1.
In total, Limitless now holds options to acquire approximately 2.5% of the equity share capital of Saxa Gres at an exercise price of €1 per share.
At 9:52am: (LON:LME) Limitless Earth Plc Ord 1p share price was +0.25p at 3.75p