Brief: Observe Medical Secures New Financing

Observe Medical ASA

23/03/2023 15:41

March 23 (Reuters) - Observe Medical ASA  OBSRV.OL :
    * SECURES NEW FINANCING
    * HAS ENTERED INTO LOAN AGREEMENTS FOR ITS SHORT TERM FINANCING NEEDS
    * WILL IMMEDIATELY RECEIVE PAYMENT OF NOK 5 MILLION AND, SUBJECT TO AGREEMENT BETWEEN
PARTIES, AN
ADDITIONAL INCREASE OF NOK 5 MILLION
    * LOANS HAVE BEEN GRANTED BY SHAREHOLDERS OF COMPANY
    * TERMS OF EACH LOAN IS 12 MONTHS AND INTEREST HAS BEEN SET TO 20% PER ANNUM

Source text for Eikon:  ID:nObiPtssba 
Further company coverage:  OBSRV.OL 

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