Brief: Arctic Minerals Proposes Directed Set-Off Issue Of Up To SEK 3.0 Mln

Arctic Minerals AB (publ)

18/05/2022 06:29

May 18 (Reuters) - Arctic Minerals AB  ARCT.ST :
    * BOARD OF DIRECTORS PROPOSES THAT AGM ON JUNE 16 RESOLVES
ON
DIRECTED SET-OFF ISSUE
    * BOARD PROPOSES PAYMENT THROUGH SET-OFF TO THREE OF CO'S
CREDITORS OF UP TO 5,006,825 SHARES
    * PAYMENT WILL RESULT IN CO'S DEBTS DECREASING BY UP TO SEK
3,004,095
    * SUBSCRIPTION PRICE AMOUNTS TO QUOTA VALUE OF SEK 0.6 PER
SHARE
    * SHARE PRICE CORRESPONDS TO PREMIUM OF ABOUT 3% COMPARED TO
VOLUME-WEIGHTED AVERAGE PRICE FOR CO'S SHARE FROM AND INCLUDING
MAY 11, 2022 UP TO AND INCLUDING May 17, 2022

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nBQN17FSPw
 Further company coverage:  ARCT.ST  

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