Flexible Electronics News

Tasnee Exercises $6 Million Inverstment Option in Dyesol

Nominates Dr. Rob McIntyre to join the Dyesol board

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Dyesol has been notified by Tasnee that it will exercise its $6 million investment option immediately in favor of Dyesol. The transaction has the prior approval of shareholders obtained at a meeting held on March 5, 2014 and will result in the issue of an additional 33,333,333 shares at $0.18 per share. As a result, Tasnee’s shareholding in Dyesol will increase to 33.50%. In addition, Tasnee has nominated Dr. Rob McIntyre to join the Dyesol board.   “We are very excited by our current prospect...

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