Brief: Baltic Sea Properties Mulls Private Placement
May 23 (Reuters) - Baltic Sea Properties AS BALT.OL :
* CONTEMPLATED PRIVATE PLACEMENT OF NOK 82.18 TO 174 MILLION
BY
ISSUING UP TO 3,551,020 NEW SHARES IN COMPANY
* PRICE PER OFFER SHARE IS SET TO NOK 49.0 PER SHARE.
* INTENDS TO USE NET PROCEEDS FROM OFFER SHARES FOR
COMPANY'S
DEVELOPMENT PROJECTS IN BALTICS,
Source text for Eikon: ID:nObicCYR9a
Further company coverage: BALT.OL
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