Brief: Atlantic Sapphire: Contemplated Private Placement

Atlantic Sapphire ASA

19/09/2023 15:37

Sept 19 (Reuters) - Atlantic Sapphire ASA  ASA.OL :
    * ATLANTIC SAPPHIRE ASA: CONTEMPLATED PRIVATE PLACEMENT
    * NET PROCEEDS FROM PRIVATE PLACEMENT WILL BE USED TO REACH
AN
ESTIMATED EBITDA BREAK-EVEN FOR PHASE 1 DURING H1 2024, WITH A
CASH BUFFER
    * A PRIVATE PLACEMENT TO RAISE GROSS PROCEEDS OF NOK
EQUIVALENT OF
APPROXIMATELY USD 65 MILLION IN NEW SHARES
    * APPLICATION PERIOD FOR PRIVATE PLACEMENT WILL COMMENCE ON
19
SEPTEMBER 2023 AT 16:30 CEST AND END ON 20 SEPTEMBER 2023 AT
08:00 CEST
    * PRIVATE PLACEMENT IS DIRECTED TOWARDS NORWEGIAN AND
INTERNATIONAL INVESTORS

Source text for Eikon:  ID:nObiKQNbya 
Further company coverage:  ASA.OL 

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