Brief: Norsk Titanium Raises About NOK 75 Mln Through Private Placement

Norsk Titanium AS

11/11/2022 08:28

Nov 11(Reuters) - Norsk Titanium AS  NTI.OL :
    * SAID ON THURSDAY RAISES ABOUT NOK 75 MILLION IN GROSS
PROCEEDS
THROUGH ALLOCATION OF 27,777,780 NEW SHARES AT SUBSCRIPTION
PRICE OF NOK 2.7 PER SHARE
    * INTENDS TO USE NET PROCEEDS FROM THE NEW SHARES TO
STRENGTHEN
ITS BALANCE SHEET
    * TO GET RUNWAY TO CONTINUE TO EVALUATE EITHER INVESTMENT BY
STRATEGICS OR OTHER OPPORTUNITIES THAT MAKE STRATEGIC SENSE AND
SECURES FUNDING

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nObiwc0YSa
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