Brief: Atlantic Sapphire Raises NOK 702 Mln In Private Placement

Atlantic Sapphire ASA

20/09/2023 15:54

Sept 20 (Reuters) - Atlantic Sapphire ASA  ASA.OL :
    * SAID ON TUESDAY RAISED NOK 702 MILLION, EQUIVALENT OF USD
65
MILLION, IN GROSS PROCEEDS THROUGH A PRIVATE PLACEMENT
    * PRIVATE PLACEMENT CONSISTS OF 501,428,571 NEW SHARES, AT
PRICE
PER NEW SHARE OF NOK 1.40
    * NET PROCEEDS WILL BE USED TO REACH ESTIMATED EBITDA
BREAK-EVEN
FOR PHASE 1 DURING H1 2024, WITH CASH BUFFER


        
 Source text for Eikon:  urn:newsml:reuters.com:*:nObinYh2Na
 Further company coverage:  ASA.OL  


($1 = 10.7024 Norwegian crowns)

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