Brief: Nordic Unmanned Contemplates Private Placement

Nordic Unmanned ASA

07/12/2022 15:32

Dec 7 (Reuters) - Nordic Unmanned ASA  NUMND.OL :
    * CONTEMPLATES PRIVATE PLACEMENT FOR GROSS PROCEEDS OF NOK 50-70 MILLION
    * FINAL SUBSCRIPTION PRICE PER OFFER SHARE WILL BE DETERMINED ON BASIS OF BOOK BUILDING
PROCESS
    * WILL USE PROCEEDS FOR INVESTMENTS IN ASSETS, EQUIPMENT AND MAINTENANCE PACKAGES FOR
CERTAIN
CONTRACTS
    * WILL ALSO USE PROCEEDS FOR WORKING CAPITAL NEEDS UNTIL FULL CONTRACT PRODUCTION IN
MID-2023, TO
REDUCE SHORT-TERM DEBT

Source text for Eikon:  ID:nObiDgy0ra 
Further company coverage:  NUMND.OL 
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