STRATEGIC ENERGY RESOURCES LIMITED Strategic Energy Resources Limited (ASX: SER) is pleased to advise that it has received $425,000 from Ionic Industries (Ionic) in payment of a bridging loan provided by SER to Ionic.
Ionic has been raising seed capital in preparation for an Initial Public Offering (IPO) to fund its exciting graphene-based technologies. SER retains an approximately 20% shareholding in Ionic following the demerger of Ionic from the SER group in June 2015.
SER has also today received a letter of resignation from CEO Mr Mark Muzzin. Mr Muzzin departs to lead Ionic as Managing Director and CEO and has provided SER 2 months' notice and his resignation will be effective on 5 March 2016.
The Board of SER would like to thank Mark for his service to the company over the years and looks forward to a bright future of Ionic Industries.
For further information regarding SER and Ionic Industries, see: www.strategicenergy.com.au
www.ionicindustries.com.au
ACN: 051 212 429
Level 4, 100 Albert Road, South Melbourne, VIC, Australia, 3205 Telephone: (03) 9692 7222 Facsimile: (03) 9077 9233
www.strategicenergy.com.au
Strategic Energy Resources Ltd. issued this content on 2016-01-05 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-10 22:47:07 UTC
Original Document: http://www.strategicenergy.com.au/pdf/2016/11-1-2016/1514183.pdf
