Brief: Risk Intelligence Successfully Completes Directed Share Issue Of About DKK 2 Million

Risk Intelligence A/S

09/07/2020 06:57

July 9 (Reuters) - Risk Intelligence A/S  RISK.TE :
    * RISK INTELLIGENCE SUCCESSFULLY COMPLETES THE DIRECTED
SHARE
ISSUE OF APPROX. DKK 2 MILLION THROUGH ISSUANCE OF 714,290 NEW
SHARES FORMING PART OF A DKK 8 MILLION FUNDING PACKAGE.
    * IN ADDITION, RISK INTELLIGENCE IS FINALISING A LONG-TERM
LOAN
FROM VÆKSTFONDEN OF DKK 4 MILLION AND HAS SECURED A CREDIT LINE
OF DKK 2 MILLION WITH DANSKE BANK SUPPORTED BY VÆKSTFONDEN
    * IT IS BOARD'S OPINION THAT LONG-TERM FUNDING, TOGETHER
WITH
FORECASTED POSITIVE EBIDTA FOR 2020 AND POSITIVE CASH FLOW FOR
2021 AND REPORTED UPTAKE IN BUSINESS, WILL PUT RISK INTELLIGENCE
IN POSITIVE MOMENTUM.
    * DIRECTED SHARE ISSUE WILL RESULT IN GROSS PROCEEDS TO
COMPANY OF
DKK 2 MILLION (BEFORE TRANSACTION RELATED COSTS).
    * PROCEEDS FROM DIRECTED SHARE ISSUE ARE INTENDED TO BE USED
TO
PROVIDE LIQUIDITY AND LONG-TERM FUNDING COVERING 2020 AND 2021

Source text for Eikon:  ID:nWkrbJ5dyF 
Further company coverage:  RISK.TE 

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