Brief: Element Contemplates Private Placement Of Up To NOK 50 Mln

Univid ASA

03/12/2020 15:45

Dec 3 (Reuters) - Element ASA  ELEE.OL :
    * CONTEMPLATED PRIVATE PLACEMENT TO RAISE GROSS PROCEEDS OF UP TO NOK 50 MILLION
    * SUBSCRIPTION PRICE OF NOK 4.00 PER NEW SHARE
    * OFFERING IS SUBJECT TO COMPLETION OF ACQUISITION OF HARMONYCHAIN AS
    * APPLICATION PERIOD FOR OFFERING COMMENCES TODAY, ON 3 DECEMBER 2020 AT 16:30 CEST AND IS
EXPECTED TO CLOSE ON 4 DECEMBER 2020 AT 08:00 CEST
    * WILL USE PROCEEDS FOR COMMERCIALIZATION AND MARKETING OF SCRYPT ASIC MICROCHIP DEVELOPED
BY
HARMONYCHAIN, AS WELL AS FOR GENERAL CORPORATE PURPOSES

Source text for Eikon:  ID:nObi1QT8ra 
Further company coverage:  ELEE.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))