Brief: Enertime Places Drawing Request For Third Tranche of 300 ODIRNANE

Enertime SAS

18/02/2020 17:58

Feb 18 (Reuters) - ENERTIME SAS  ALENE.PA :
    * ANNOUNCES REQUEST FOR A DRAW OF THIRD TRANCHE OF 300
ODIRNANE,
FOR TOTAL GROSS AMOUNT OF 300,000 EUROS
    * BONDS IN THIS THIRD TRANCHE ARE ACCOMPANIED BY 154,411
WARRANTS
WITH EXERCISE PRICE OF € 1.36
    * IF ALL TRANCHES ARE DRAWN DOWN AND ALL WARRANTS ARE
EXERCISED,
THIS FINANCING WOULD POTENTIALLY RESULT IN EQUITY CONTRIBUTION
OF EUR 1.5 MILLION
    * IF ALL WARRANTS ARE EXERCISED FINANCING COULD RESULT IN AN
ADDITIONAL AMOUNT OF € 1.05 MILLION CORRESPONDING TO THE
EXERCISE OF ALL OF WARRANTS TO BE ATTACHED TO ODIRNANE,  A TOTAL
POTENTIAL AMOUNT OF € 2.55 MILLION
    * 2 ADDITIONAL TRANCHES OF EUR 0.3 MILLION EACH REMAIN TO BE
DRAWN
DOWN AT COMPANY'S SOLE INITIATIVE
    * ODIRNANE ISSUE, TO DATE, AMOUNTS TO €0.9 MILLION

Source text : https://bit.ly/2wlm3Lk
Further company coverage:  ALENE.PA 

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