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CORRECTION OFFICIAL - Cortus Energy AB Conducts Rights Issue


Friday, 15 Mar 2013 10:34am EDT 

CORRECTED TO READ AS PER AMENDED COMPANY PRESS RELEASE Cortus Energy AB announced that during the period between February 18, 2013 and March 6, 2013 it has conducted a rights issue with preferential rights for existing shareholders. The issue was subscribed to approximately 137% of which approximately 44% with pre-emptive rights, and approximately 56% without preferential rights. In view of the great interest in the Company, the Board has decided to use the Option as further described in the prospectus prepared in connection with the Offer. A total of 9,748,990 shares will be issued under the Offer and the Option and award will be made in accordance with the principles described in the prospectus. The Company is supplied thus approximately SEK 48.7 million before issue costs. Of the total proceeds of approximately SEK 48.7 million, shares representing approximately SEK 4.9 million will be paid by offsetting. The number of shares in Cortus Energy will through the Offer and the Option increase by 9,748,990 shares. The share capital will increase by SEK 9,748,990. After the Offer and the Option, the total number of shares in the Company will amount to 15,855,146 shares. Cortus Energy's share capital after the Offer and the Option will amount to SEK 15, 855,146. Mangold Securities acted as financial advisor to the Company in the list change and the rights issue. 

Company Quote

2.6
0.06 +2.36%
12:00pm EDT