Brief: Atlantic Sapphire Contemplates Private Placement

Atlantic Sapphire ASA

16/03/2023 15:38

March 16 (Reuters) - Atlantic Sapphire ASA  ASA.OL :
    * CONTEMPLATED PRIVATE PLACEMENT
    * PRICE PER OFFER SHARE IN PRIVATE PLACEMENT IS SET TO A FIXED PRICE OF NOK 5.00
    * INTENDS TO RAISE GROSS PROCEEDS OF APPROXIMATELY NOK EQUIVALENT OF USD 50 MILLION
    * NET PROCEEDS TO PROVIDE CO WITH SUFFICIENT FINANCIAL RUNWAY, INCLUDING BUFFER, TO ACHIEVE
PHASE
1 STEADY-STATE PRODUCTION AND PROFITABILITY

Source text for Eikon:  ID:nObidJ6Zma 
Further company coverage:  ASA.OL 

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