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BRIEF-Evolva Holding plans to raise CHF 80 million in two equity transactions
October 2, 2017 / 5:10 AM / 3 months ago

BRIEF-Evolva Holding plans to raise CHF 80 million in two equity transactions

Oct 2 (Reuters) - EVOLVA HOLDING SA:

* PROVIDES AN UPDATE ON STRATEGY AND MID-TERM OBJECTIVES‍​

* ANNOUNCES PLANS TO RAISE APPROXIMATELY CHF 80 MILLION GROSS PROCEEDS IN TWO SEPARATE EQUITY TRANSACTIONS

* ‍PLANS TO CARRY OUT A DISCOUNTED RIGHTS OFFERING IN EARLY NOVEMBER 2017​

* FUNDS TO BE USED TO CONTINUE INVESTING IN RESEARCH AND DEVELOPMENT

* ‍RIGHTS OFFERING SIZE WOULD BE SUCH THAT THE GROSS PROCEEDS OF THE TWO CAPITAL INCREASES AMOUNT TO APPROX CHF 80 MILLION TOTAL

* PLANS TO POTENTIALLY RAISE DEBT FINANCING IN COMING MONTHS TO MEET ITS CONTRACTUAL OBLIGATIONS TO COMMERCIAL PARTNER, CARGILL‍​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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