Brief: Meltron Secures Bridge Financing SEK 7 Mln

Meltron AB (publ)

31/01/2020 08:40

Jan 31 (Reuters) - Meltron AB (publ)  MLTR.NGM :
    * MELTRON SECURES BRIDGE FINANCING 7 MSEK
    * MADE AN AGREEMENT WITH ONE OF ITS LARGER SHAREHOLDERS, WHO
PARTICIPATED SIGNIFICANTLY IN ISSUE END OF LAST YEAR AND WHO
ALSO IS HOLDING A SIGNIFICANT NUMBER OF WARRANTS
    * PER AGREEMENT, SHAREHOLDER MAKES A BRIDGE LOAN OF 700 KEUR
AVAILABLE FOR TWO DRAWDOWNS IN PERIOD FEBRUARY TO MAY
    * AT END OF MATURITY OF WARRANTS OF LATEST ISSUE (TO3), LOAN
WILL
BE OFF-SET FOR SHARES AT A PRICE WHICH IS LOWER OF WARRANTS
PRICE (0,85 SEK/SHARE) AND AVERAGE SHARE PRICE DURING PERIOD

Source text for Eikon:  ID:nBQN87HtVb 
Further company coverage:  MLTR.NGM 

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