Sept 25 (Reuters) - Mavshack AB (publ) MAV.ST:
MAVSHACK DECIDES ON A RIGHTS ISSUE AND PRESENTS A FINANCIAL PLAN
HAS TODAY DECIDED ON A RIGHTS ISSUE OF UP TO 533,290,600 NEW SHARES AT A SUBSCRIPTION PRICE OF SEK 0.025 PER SHARE
RIGHTS ISSUE CORRESPONDS TO SEK 13.3 MILLION IN TOTAL CAPITAL
FULLY SUBSCRIBED RIGHTS ISSUE WILL DILUTE EXISTING SHAREHOLDERS WHO DO NOT PARTICIPATE BY 66.7%
HAS SECURED A LOAN FACILITY OF UP TO USD 6 MILLION FROM AMBIENT MEDIA INC.
Source text: ID:nBQN3Q16Mx
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(Gdansk Newsroom)
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