Thursday, December 20, 2012 9:08:49 AM
LEUNA, Germany--(BUSINESS WIRE)-- 12/20/12
CalciTech Ltd. (CLKTF) announces that following the Board’s approval of the project at Piesteritz, Germany, CalciTech Synthetic Minerals Europe Ltd, (“CSME”) is pleased to announce the registration of CalciTech Piesteritz GmbH. Initially formed with minimum share capital of €25,000, this will be increased on determination of the project funding. This Company is 100% owned by CSME and its purpose is to construct and operate a Synthetic Calcium Carbonate (“SCC”) plant.
CSME’s chairman, Michael J.B. Brickell will act as the new company’s first Geschäftsführer. Mr. Brickell commented “The registration of this new project company will now allow us to move forward with the project in the New Year.”
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