Sept 9 (Reuters) - Ortivus AB ORTIb.ST:
ORTIVUS ANNOUNCES INTENDED ALLOCATION OF PROCEEDS FROM PROPOSED RIGHTS ISSUE FOLLOWING AGREEMENT WITH MAIN SHAREHOLDER ON A NEW CREDIT FACILITY
HAS NOW REACHED AN AGREEMENT WITH PONDERUS INVEST REGARDING NEW CREDIT FACILITY OF SEK 20 MILLION, CONDITIONAL UPON COMPLETION OF PROPOSED RIGHTS ISSUE
ESTIMATES THAT OF TOTAL NET PROCEEDS OF APPROXIMATELY SEK 52 MILLION, AFTER DEDUCTION OF TRANSACTION COSTS, SEK 37 MILLION WILL BE USED TO AMORTISE LOAN FROM PONDERUS INVEST
PROCEEDS ALLOCATED TO WORKING CAPITAL AND E-HEALTH INITIATIVES
Source text: ID:nMFN1jRhRp
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