July 4 (Reuters) - Synthaverse SA SVEP.WA:
SAID ON THURSDAY THAT IT HAS STARTED PROCESS OF OBTAINING FUNDING INCLUDING THE PROCEDURE AIMED AT INCREASING COMPANY'S SHARE CAPITAL IN ORDER TO ENSURE IMPLEMENTATION OF STRATEGIC GOALS
COMPANY SIGNED INVESTMENT DEAL WITH IPOPEMA SECURITIES
IPOPEMA WILL CONCLUDE AGREEMENTS WITH SHAREHOLDERS INDICATED BY THE COMPANY, OBLIGING THESE SHAREHOLDERS TO CONCLUDE LOAN AGREEMENTS WITH IPOPEMA OR AN ENTITY INDICATED BY IT, ON THE BASIS OF WHICH IPOPEMA OR THE INDICATED ENTITY WILL BORROW 5 MLN SHARES OF THE COMPANY FROM THESE SHAREHOLDERS
MANAGEMENT TO CONVENE EGM AND PROPOSE AUTHORISATION TO INCREASE COMPANY'S SHARE CAPITAL VIA ISSUE OF AT LEAST 5 MLN SHARES
IPOPEMA TO SELL BORROWED SHARES AT 4.60 ZLOTYS EACH IN BLOCK TRANSACTION TOTALING 23 MLN ZLOTYS
IPOPEMA TO TRANSFER SALE PROCEEDS TO SYNTHAVERSE TO COVER SHARES ISSUED AS PART OF SHARE CAPITAL INCREASE
THE ACQUISITION OF FINANCIAL RESOURCES BY THE COMPANY AS PART OF THE SHARE CAPITAL INCREASE IN THE MANNER PRESENTED ABOVE, IN THE OPINION OF THE MANAGEMENT, ALLOWS FOR A RELATIVELY QUICK ACQUISITION OF CAPITAL FOR THE IMPLEMENTATION OF INDIVIDUAL PROJECTS BY THE COMPANY, AS WELL AS FOR ENSURING THE FINANCING NECESSARY FOR THEIR IMPLEMENTATION
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