Brief: EcoRub Signs Financing Deal With European Fund

EcoRub AB

09/10/2018 06:05

Oct 9 (Reuters) - EcoRub AB  ECOb.TE :
    * SAID ON MONDY IT HAD ENTERED INTO A FINANCING AGREEMENT
WITH
EUROPEAN HIGH GROWTH OPPORTUNITIES SECURITIZATION FUND
    * AGREEMENT FOR FINANCING SOLUTION BASED ON THE ISSUANCE OF
CONVERTIBLE BONDS WITH WARRANTS ATTACHED
    * SOLUTION MEANS CO IS ABLE, OVER A 18-MONTH PERIOD, TO
RECEIVE UP
TO SEK 20 MILLION AND POTENTIALLY UP TO AN ADDITIONAL SEK 7
MILLION IF ALL THE WARRANTS ISSUED ARE EXERCISED
    * SAID HAS NO INTENTION TO DRAWDOWN, AT ITS SOLE DISCRETION,
ANY
ADDITIONAL TRANCHES REMAINING UNDER THE AGREEMENT ENTERED INTO
BETWEEN THE COMPANY AND BRACKNOR FUND LTD

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr69bJJ5
    
 Further company coverage:  ECOb.TE  
   


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