Companies
Barryroe’s bid to raise emergency funds look set to come up short
Fading hopes exist that beef baron Larry Goodman will come to the rescue ahead of an egm on Monday
Efforts by Barryroe Offshore Energy’s (BOE) to raise emergency funds to keep the oil explorer afloat look set to come up short, it has emerged.
Just days ahead of an extraordinary general meeting (egm) on Monday to put the company into liquidation, sources have told the Irish Times that the funding raise bid appears to be in jeopardy.
The company, is reportedly running low on cashflow, has been seeking to secure fresh funds.
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