Brief: Hofseth Biocare Completes Oversubscribed Private Placement

Hofseth Biocare ASA

29/07/2019 07:13

July 29 (Reuters) - Hofseth Biocare ASA  HOFBC.OL :
    * REG-HOFSETH BIOCARE ASA: OVERSUBSCRIBED PRIVATE PLACEMENT
SUCCESSFULLY COMPLETED
    * RAISED APPROXIMATELY NOK 118 MILLION IN GROSS PROCEEDS
THROUGH
PRIVATE PLACEMENT
    * PRIVATE PLACEMENT WAS OVERSUBSCRIBED, AND BOARD OF
DIRECTORS
WILL ANNOUNCE SHARE ALLOCATION LATER TODAY
    * NET PROCEEDS OF PRIVATE PLACEMENT WILL BE USED FOR SALES
AND
MARKETING ACTIVITIES FOR FUTURE GROWTH DOMESTICALLY AND
INTERNATIONALLY OF HBC'S WIDER PRODUCTS RANGE
    * NET PROCEEDS WILL ALSO BE USED FOR FURTHER STUDIES
DEMONSTRATING
POSITIVE HEALTH EFFECTS OF HBC'S VARIOUS PRODUCTS

Source text for Eikon:  ID:nGNE71N5rb 
Further company coverage:  HOFBC.OL 

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