Brief: Braster Completes Review of Strategic Options, Finds Investor

Braster SA

06/03/2019 09:13

March 6 (Reuters) - Braster SA  BBD.WA :
    * SAID ON TUESDAY THAT ON DEC 14, 2018 IT STARTED TALKS WITH
EUROPEAN HIGH GROWTH OPPORTUNITIES SECURITIZATION FUND
(INVESTOR) ON INVESTING 44 MILLION ZLOTYS IN COMPANY IN RETURN 
    * THE TRANSACTION PRESUPPOSES ISSUE OF BONDS CONVERTIBLE
INTO
SHARES AND SUBSCRIPTION WARRANTS CONVERTIBLE INTO SHARES
    * THE AGREEMENT WITH INVESTOR WILL ALLOW THE COMPANY TO
IMPLEMENT
ITS STRATEGIC GOALS SUCH AS DEVELOPMENT OF BRASTER DEVICE,
EXPANSION INTO FURTHER FOREIGN MARKETS AND REPAYMENT OF A SERIES
BONDS
    * ACQUIRING AN INVESTOR COMPLETES THE PROCESS OF REVIEW OF
STRATEGIC OPTIONS

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM5L45Mga
    
 Further company coverage:  BRAR.WA  
   


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