Brief: Veg Of Lund Obtains Bridge Facility Of Up To SEK 16 Mln
16/06/2022 07:44
June 16 (Reuters) - Veg of Lund AB (publ) VOLAB.ST :
* VEG OF LUND AB OBTAINS BRIDGE FACILITY OF UP TO MSEK 16 TO
STRENGTHEN THE COMPANY'S MARKET POSITION AND PRODUCT
DEVELOPMENT, AND ISSUES WARRANTS
* HAS ENTERED INTO BRIDGE FACILITY AGREEMENTS TO STRENGTHEN
COMPANY'S MARKET POSITION AND DEVELOPMENT OF NEW FOOD PRODUCTS
IN DAIRY AND MEAT CATEGORIES.
* WITH THIS LOAN, VEG OF LUND HAS SECURED AN INTERMEDIATE
FINANCING OF A MAXIMUM OF MSEK 16 BEFORE TRANSACTIONS COSTS FROM
FIVE INVESTORS, THREE OF WHOM ARE SHAREHOLDERS IN COMPANY
* BRIDGE FACILITY ENABLES FINANCING OF, AMONG OTHER THINGS,
COMPANY'S MARKETING, SALES ORGANIZATION AND PRODUCT DEVELOPMENT
* HAS RESOLVED TO ISSUE 300,000 WARRANTS FREE OF CHARGE TO
SOME OF
LENDERS
Source text for Eikon: ID:nWkr8R86fJ
Further company coverage: VOLAB.ST
(Gdansk Newsroom)
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