Brief: Misen Energy Signs Financing Agreement With New Financial Partner

Misen Energy AB (publ)

13/03/2020 15:28

March 13 (Reuters) - Misen Energy AB (publ)  MISE.ST :
    * ON 13 MARCH 2020 MISEN ENERGY AB (PUBL) SIGNED FINANCING
AGREEMENT WITH A NEW FINANCIAL PARTNER, THUS STRENGTHENING ITS
FINANCIAL POSITION IN LIGHT OF ONGOING SCC ARBITRATION
    * A NEW FINANCIAL PARTNER IS UNITED STATES BASED
INTERNATIONAL
BUSINESSMAN MR EDVARDAS JATAUTAS, WHO WILL FUND MISEN IN
ADDITION TO EXISTING FINANCIAL FACILITY WITH POWERFUL UNITED
LIMITED
    * UNDER FINANCING AGREEMENT, MISEN ENERGY AB (PUBL) IS
ENTITLED TO
UP TO 1 MILLION EUR TO FUND SWEDISH OPERATION AND ONGOING
ARBITRATION PROCEEDING COMMENTED BY JSC UKRGAZVYDOBUVANNYA IN
JULY 2016
    * IF MISEN ENERGY AB DECIDES TO USE NEW CREDIT FACILITY
COMPANY
SHALL PAY A FEE EQUAL TO FUNDER'S OUTLAY PLUS AN OUTLAY
MULTIPLIED BY THREE

Source text for Eikon:  ID:nWkr8W93kq 
Further company coverage:  MISE.ST 

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