Brief: Arctic Gold invests in Botnia Exploration Holding, proposes issue of new shares

Arctic Minerals AB (publ)

20/04/2017 07:46

April 20 (Reuters) - ARCTIC GOLD PUBL AB  ARCT.ST : 
    * ANNOUNCED ON WEDNESDAY ACQUIRED 2 MILLION SHARES IN BOTNIA 
EXPLORATION HOLDING AB AT SEK 2.4 PER SHARE 
    * ACQUISITION TO BE PAID VIA BRIDGE LOAN OF SEK 4.8 MILLION 
    * LOAN TO BE PAID WITH PART OF PROCEEDS FROM NEW SHARES 
ISSUE, WHICH IS DIRECTED AT CURRENT SHAREHOLDERS 
    * NEW SHARE ISSUE TO RAISE SEK 8.6 MILLION 
    * SHARE PRICE IN ISSUE SET AT SEK 0.4 PER SHARE 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nBQN3LV0cH 
     
 Further company coverage:  ARCT.ST   BOTX.ST  
    
 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))