Brief: TargetEveryOne: Direct Share Issue Gives Working Capital Improvement Of SEK 6.2 Mln

Spectrumone AB (publ)

27/09/2019 08:18

Sept 27 (Reuters) - TargetEveryOne AB (publ)  TEONE.ST :
    * DIRECT SHARE ISSUE GIVES WORKING CAPITAL IMPROVEMENT OF
MSEK 6.2
    * TARGETEVERYONE HAS NOW REACHED AN AGREEMENT OF A DIRECT
SHARE
ISSUE AND A BRIDGE LOAN
    * CURRENTLY HAS AN ASSURANCE FROM A NORWEGIAN FINANCIAL
INSTITUTION OF A LOAN EQUAL TO MSEK 6.2 DIRECT SHARE ISSUE AS
SOON AS SAID ISSUE HAS BEEN REGISTERED
    * DIRECT SHARE ISSUE ENTAILS A NEW ISSUE OF 44,285,714
SHARES AT A
SUBSCRIPTION PRICE OF SEK 0.14 PER SHARE
    * TO ADDRESS SHORT-TERM DEFICIT SITUATION, A LOAN AGREEMENT
IS
ENTERED WITH JÖRNS BULLMARKNAD AB, WITH AN AMOUNT OF MSEK 2 AND
A MONTHLY INTEREST RATE OF 3% PLUS ARRANGEMENT FEES

Source text for Eikon:  ID:nObihpHxSa 
Further company coverage:  TEONE.ST 

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