Brief: Scandinavian Chemotech Raises Loan Of SEK 2.5 Mln From Board And CEO

Scandinavian ChemoTech AB

16/08/2022 07:39

Aug 16 (Reuters) - Scandinavian ChemoTech AB  CMOTECb.ST :
    * SCANDINAVIAN CHEMOTECH STRENGTHENS FINANCES BY RAISING A
LOAN OF
2.5 MSEK FROM BOARD AND CEO
    * ENTERED INTO AN AGREEMENT TO STRENGTHEN ITS WORKING
CAPITAL BY
RAISING A LOAN FROM FOUR OF ITS BOARD MEMBERS INCLUDING CEO
    * AGREEMENT SIGNED TODAY STRENGTHENS COMPANY'S FINANCES TO
ENSURE
ITS ONGOING OPERATIONS
    * LOAN IS TAKEN OUT AT AN INTEREST RATE OF 4% PER QUARTER ON
GRANTED LOAN
    * ENDERS WILL BE GIVEN OPPORTUNITY TO USE ALL OR PART OF
DISBURSED
LOAN, INCLUDING ACCRUED AND UNPAID INTEREST, AS AN OFFSET IN
EVENT OF A NEW ISSUE

Source text for Eikon:  ID:nWkr8NhLZX 
Further company coverage:  CMOTECb.ST 

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