Despite recent media reports in which appear to paint a negative picture of the company, the Board of Directors wish to assure shareholders that the Company and its wholly owned Mauritian subsidiary, TC Mauritius Holdings Limited ("TC Mauritius"), contiunue to implement the ongoing fund raising programme. In particular, the Board is confident that an agreement to settle the TC Mauritius Senior Unsecured Convertible Bond will be secured in the very near future and, in any event, before maturity.
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