Aqualis completes private placement


Wednesday, 18 Jun 2014 02:00am EDT 

Aqualis ASA:Says it has raised 65 million Norwegian crowns in gross proceeds through a private placement of 20,000,000 new shares, each with a par value of 1.00 crown, at a price of 3.25 crowns per share (the Private Placement).The Private Placement, which represents approximately 13.3 percent of the currently issued shares in the company, was substantially oversubscribed.The net proceeds from the Private Placement will be used to invest in organic and structural growth initiatives within the company's marine and offshore business (e.g. Aqualis Offshore).Carnegie AS and Swedbank Norway (the Managers) acted as joint bookrunners in the Private Placement. 

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