March 6, 2019 / 9:17 AM / 2 months ago

BRIEF-Braster Completes Review of Strategic Options, Finds Investor

March 6 (Reuters) - Braster SA:

* SAID ON TUESDAY THAT ON DEC 14, 2018 IT STARTED TALKS WITH EUROPEAN HIGH GROWTH OPPORTUNITIES SECURITIZATION FUND (INVESTOR) ON INVESTING 44 MILLION ZLOTYS IN COMPANY IN RETURN

* THE TRANSACTION PRESUPPOSES ISSUE OF BONDS CONVERTIBLE INTO SHARES AND SUBSCRIPTION WARRANTS CONVERTIBLE INTO SHARES

* THE AGREEMENT WITH INVESTOR WILL ALLOW THE COMPANY TO IMPLEMENT ITS STRATEGIC GOALS SUCH AS DEVELOPMENT OF BRASTER DEVICE, EXPANSION INTO FURTHER FOREIGN MARKETS AND REPAYMENT OF A SERIES BONDS

* ACQUIRING AN INVESTOR COMPLETES THE PROCESS OF REVIEW OF STRATEGIC OPTIONS

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Further company coverage: (Gdynia Newsroom)

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