Activa Resources AG
Activa Resources AG: Activa Resources AG raises EUR 1 million of new capital
DGAP-News: Activa Resources AG / Key word(s): Capital Increase/Bond Activa Resources AG raises EUR 1 million of new capital – EUR 1 million investment made by new strategic investor – Via capital increase and further placement of 2013/2017 corporate bond – New funds will strengthen Activa’s position in current oil price environment Bad Homburg, 26th October 2015. Activa Resources AG, an independent oil and natural gas producer, has raised new capital totalling EUR 1 million. The Management and Supervisory Boards passed resolutions on October 20th to increase the company’s share capital by 10 % against contribution in cash by partially utilising the company’s existing authorised capital. In accordance with the company’s statutes the existing shareholders ́ statutory subscription rights are excluded. In addition, a further private placement of the Activa Resources AG 2013/2017 corporate bond has been concluded. As a result of the capital increase the company’s nominal capital will increase from currently EUR 5,466,803 (divided into the same number of bearer shares) by EUR 546,680 to EUR 6,013,483 via issuance of 546,680 new bearer shares. The new shares were subscribed by a German strategic investor, active in the energy industry, at a price of EUR 1.40 per share. Gross proceeds amount to EUR 765,352. No placement fees were paid. In addition, a EUR 223,000 private placement of the Activa Resources AG 2013/2017 corporate bond (ISIN: DE000A1YCS50) to the same investor has been made at a price of 100 %, thus taking the total outstanding volume of the bond to EUR 5 million. The total new capital raised by these combined measures totalling EUR 1 million will serve to strengthen Activa’s financial position and to further develop the company’s operational activities. Leigh A. Hooper, CEO of Activa Resources AG states: “Like all companies in our industry we are impacted by the cyclical downturn in oil prices. Despite the current market environment, we have succeeded in raising new capital from strategic investors thanks to the development potential of our oil and natural gas assets. Besides these capital measures we are making important operational adjustments which will allow us to increase the value of our assets going forward.” The Management Board About Activa Resources AG Forward-looking statements Company contact Investor Relations Contakt 2015-10-26 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
405397 2015-10-26 |