Placing22 Oct 2019 08:08
Looks oversubscribed in Oslo.
Private Placement ("Private Placement") on the Merkur Market of the Oslo Stock Exchange first announced to the market on October 21, 2019.
The Company has successfully raised gross proceeds of 9,808,000 (approximately GBP 824,000 or CAD$ 1,403,000) to subscribe for 28,022,857 common shares of no par value in the capital of the Company ("New Common Shares") at a price of NOK 0.35 per New Common Share (approximately £0.03 or CAD$0.05).