Crown Energy AB logo

CRWN - Crown Energy AB News Story

SEK1.02 0.0  2.0%

Last Trade - 29/09/20

Micro Cap
Market Cap £41.2m
Enterprise Value £39.6m
Revenue £3.50m
Position in Universe 1042nd / 1785

BRIEF-Crown Energy enters into agreement with international investor on private placement

Mon 4th April, 2016 7:16am
April 4 (Reuters) - Crown Energy AB  CRWEN.NGM : 
    * Enters into agreement with international investor on private placement of shares and 
warrants of at least 63 million Swedish crowns ($7.75 million) and up to 126 million crowns 
    * Will propose that a shareholders meeting to be held on May 4, 2016 resolves on an issue of 
31.5 million units to an international investor Cement Fund SCSp of Luxemburg 
    * Each unit consists of one new share and one warrant to subscribe for one share 
    * Subscription price per unit is 2 crowns 
    * Proceeds from private placement will initially be 63 million Swedish crowns 
    * Funds will be used for repayment of outstanding convertible loans 
    * Says emphasis will be put towards company's Iraqi project 
    * Says proceeds from investor shall be used primarily to progress Iraq development project 
Source text for Eikon:  ID:nNGnbXdrtK  
Further company coverage:  CRWEN.NGM  
($1 = 8.1298 Swedish crowns) 
 (Gdynia Newsroom) 
 ((; +48 58 698 3920;))
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.