Thursday, October 20, 2016

Avance Gas will have to collect the money – Hegnar Online

Avance Gas has hired ABN Amro, Danske Bank, DNB Markets and Nordea Markets as facilitators in a private placement with bruttoproveny of around 55 million dollars, go out of an announcement sent out by the close of the Oslo stock Exchange Thursday.

the Money will be used to strengthen the balance sheet and improve liquidity.

at the same time is the gathering of new equity, a precondition for changes in bankfinansieringen to take effect.

the Offering is directed towards existing shareholders and Norwegian and international institutional investors.

the subscription Price and the number of issued shares will be determined by an accelerated bookbuilding process. Books were opened at 16:30 today, and will close no later than 08:30 in the morning.

the Company has received forhåndstegninger of 10 million dollars from the Proud-Nielsen Gas, Sungas Holdings and market risks the Holding.

The first two storaksjonærene owner from before 2.478.799 shares each, while John Fredriksen-the company owns 2.410.251 shares.

the Entire message here.

Avance Gas has plummeted 82 per cent on the Oslo stock Exchange so far this year, and is down 78,6 per cent in the last 12 months.

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