TECO 2030 ASA raises the first NOK 11 million of approx NOK 44 million as the first of two tranches through a private placement.
With reference to the agreement with the Indian publicly listed company Advait Infratech Limited (“Advait”) (BOM: 543230) previously announced on April 16, TECO 2030 ASA (OSE: TECO) is pleased to announce that it has formally closed the first tranche of the agreed investment of USD 4 million (approx. NOK 44 million). This first investment amounts to NOK 11 million at a price of NOK 2.00 per share by issuing 5,500,000 new shares.
The second and final investment of USD 3 million (approx. NOK 33 million) will follow shortly.
Upon completion of registration of the private placement in the first tranche, the total number of shares in TECO 2030 ASA will increase to 209,391,789 each with a nominal value of NOK 0.01.
The new shares will be listed on Euronext Growth on Oslo Stock Exchange as soon as the share capital increase has been registered with the Norwegian Register of Business Enterprises.
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TECO 2030 ASA raises the first NOK 11 million of approx NOK 44 million as the first of two tranches through a private placement. source
