Energia
Minesto Raises SEK 44.4 Million from Warrants Program
In total, 6,336,031 new shares in Minesto AB were subscribed through the warrants program, corresponding to a subscription rate of 97.8 percent. This means that Minesto will add approximately SEK 44.4 million in proceeds before deduction of issue costs.
The new shares have been delivered to the subscriber's account as interim shares. Next, they will be admitted to trading on Nasdaq First North as soon as the issue has been registered with the Swedish Companies Registration Office and Euroclear, which is expected to occur about three weeks after the subscription period's ending on 8 February.
Stockholm Corporate Finance AB acted as financial advisor and MAQS Law Firm acted as legal advisor to Minesto in connection with the rights issue carried out in February 2018 and in which the warrants of series TO 2 were issued.
Magnus Matsson
Communications Manager, Minesto AB
+46-31-774-14-89
press@minesto.com
Minesto is a marine energy technology company with the mission to minimise the global carbon footprint of the energy industry by enabling commercial power production from the ocean.
Minesto's award winning and patented product, Deep Green, is the only verified marine power plant that operates cost efficiently in areas with low-flow tidal streams and ocean currents.
In May 2015 , Minesto secured a €13m investment from the European Regional Development Fund through the Welsh European Funding Office, for the commercial rollout of Deep Green.
Minesto was founded in 2007 and has operations in Sweden , Wales , Northern Ireland and Taiwan . The major shareholders in Minesto are BGA Invest and Midroc New Technology. The Minesto share (MINEST) is traded on the Nasdaq First North Stockholm stock exchange. Certified Adviser is G&W Fondkommission, email: ca@gwkapital.se, telephone: +46-8-503-000-50.
Read more about Minesto at www.minesto.com
Press images and other media material is available for download via bit.ly/minestomedia.
Stockholm Corporate Finance is an independent, privately held, financial advisor which offers financial advisory services in capital raising, ownership restructuring and M&A-services, for listed and privately held companies as well as their owners. Stockholm Corporate Finance is the exclusive Swedish partner in the global network M&A Worldwide, which consists of 51 M &A-advisors and investment banks in 45 countries. Stockholm Corporate Finance acts under the supervision of the Swedish Financial Supervisory Authority, and is a member of the licensing organization SwedSec Licensing AB.
For more information, visit: www.stockholmcorp.se
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http://news.cision.com/minesto-ab/r/minesto-raises-sek-44-4-million-from-warrants-program,c2737229
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