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CRWN - Crown Energy AB News Story

SEK1.02 0.0  2.0%

Last Trade - 29/09/20

Sector
Energy
Size
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) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))
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