GS Chain plc Announces Funding Discussions and Board Changes

GS Chain plc is in active discussions with potential financing parties, including two principal shareholders, about a significant near-term refinancing that may take the form of a convertible loan note. The company says the funding would address material financial constraints and strengthen its financial position, but cautioned that completion is not certain. CEO Paul Carroll has agreed to resign to focus on other projects, and GS Chain expects to appoint new board members shortly.