Brief: Hofseth Biocare Says Private Placement Significantly Oversubscribed

Hofseth Biocare ASA

16/10/2020 06:53

Oct 16(Reuters) - Hofseth Biocare ASA  HOFS.OL :
    * ALLOCATED 24,691,358 NEW SHARES IN A PRIVATE AT A
SUBSCRIPTION
PRICE OF NOK 8.10 PER SHARE
    * TOTAL SIZE OF PRIVATE PLACEMENT OF NOK 200 MILLION
    * PRIVATE PLACEMENT WAS SIGNIFICANTLY OVERSUBSCRIBED
    * NET PROCEEDS WILL BE USED FOR R&D, EXPANDING PRODUCTION
CAPACITY, RAMPING UP SALES AND MARKETING, AND GENERAL CORPORATE
PURPOSES

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNE3pk5MR
    
 Further company coverage:  HOFS.OL  
   


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