Brief: ExpreS2ion Secures SEK 8 Million In Bridge Financing To Facilitate Further Growth

ExpreS2ion Biotech Holding AB

16/10/2019 07:35

Oct 16 (Reuters) - ExpreS2ion Biotech Holding AB
 EXPRS2.ST :
    * EXPRES 2 ION SECURES SEK 8 MILLION IN BRIDGE FINANCING TO
FACILITATE FURTHER GROWTH
    * BRIDGE FINANCING IS PROVIDED BY MODELIO EQUITY AB (PUBL),
AN
INVESTMENT COMPANY AND SHAREHOLDER IN EXPRES2ION
    * BRIDGE FINANCING CONSISTS OF TWO PARTS; A LOAN OF SEK 5
MILLION
AND A LOAN FACILITY OF UP TO SEK 3 MILLION
    * EACH OF TWO PAYMENTS WILL BE CHARGED WITH A 5% FEE
    * LOAN HAS A TOTAL MONTHLY INTEREST OF 1.5 %
    * LOAN CAN BE REPAID AT ANY TIME UNTIL MAY 31(ST), 2020 AT
LATEST.

Source text for Eikon:  ID:nWkr6cXrBY 
Further company coverage:  EXPRS2.ST 

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