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BRIEF-Esperite Secures External Financing Of Up To 5 Million Euros

Published 19/06/2018, 03:28 pm
Updated 19/06/2018, 03:30 pm
© Reuters.  BRIEF-Esperite Secures External Financing Of Up To 5 Million Euros

June 19 (Reuters) - ESPERITE NV ESPE.AS :

* REG-ESPERITE N.V. SECURES EXTERNAL FINANCING OF UP TO EUR 5 MILLION TO SUPPORT ITS COMMERCIAL ACTIVITY AND DEVELOPMENT OF INNOVATIVE TECHNOLOGIES

* UPON EXERCISE OF ALL SHARE SUBSCRIPTION WARRANTS, TOTAL INVESTMENT CAN REACH EUR 7.25 MILLION

* SUBSCRIPTION BY EUROPEAN SELECT GROWTH OPPORTUNITIES FUND, BASED IN AUSTRALIA

* POTENTIAL FINANCING OF UP TO EUR 5 MILLION THROUGH PRIVATE PLACEMENTS OF CONVERTIBLE NOTES OVER NEXT 24 MONTHS

* ESPERITE TO CONVENE A GENERAL MEETING TO PRESENT DETAILS OF FINANCING TO ITS SHAREHOLDERS

* THIS NEW EXTERNAL FINANCING IS IN ADDITION TO EARLIER ISSUANCE AGREEMENT OF UP TO EUR 9 MILLION

* NOTES HAVE PRINCIPAL AMOUNT OF EUR 10,000 EACH AND WILL BE SUBSCRIBED FOR WITH INITIAL TRANCHE OF EUR 300,000

* TO CONVENE GENERAL MEETING TO PROPOSE TO APPROVE ISSUANCE OF TRANCHES OF CONVERTIBLE NOTES WITH SHARE SUBSCRIPTION WARRANTS ATTACHED

* WARRANTS HAVE A MATURITY OF 5 YEARS FROM THEIR ISSUANCE DATE AND WILL BE IMMEDIATELY DETACHED FROM NOTES

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