DGAP-News: Activa Resources AG: new capital raised increased to EUR 4.90 million (USD 7 million)
(firmenpresse) - DGAP-News: Activa Resources AG / Key word(s): Corporate Action
Activa Resources AG: new capital raised increased to EUR 4.90 million
(USD 7 million)
18.04.2011 / 08:26
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Activa Resources AG: new capital raised increased to EUR 4.90 million (USD
7 million)
- Additional EUR 0.63 million private placement of new convertible bond
- Total convertible bond amount raised to EUR 3.12 million
- EUR 4.90 million (USD 6 million) total funds raised through recent
capital measures
Bad Homburg, 18th April 2011. Activa Resources has increased the total
amount raised by its recent capital measures to a total of EUR 4.90 million
(USD 7 million).
The company has conducted a further private placement of the 8% convertible
bond with identical terms and conditions by issuing another 315,128 units
of the bond with a nominal value of EUR 2. The total nominal value of the
bond has thereby risen to EUR 3.12 million, comprising 1.56 million units.
Each unit can be converted into one new Activa Resources AG share at a
price of EUR 2 per share until maturity (December 2014).
Demand for the company's new convertible bond significantly exceeded the
expectations of the Management Board. Trading in the bond commenced on
April 11th. It is currently trading at 100%.
The total amount raised of EUR 4.90 million via the recent capital measures
comprises EUR 1.78 million in new equity and EUR 3.12 million in the new
convertible bond issue.
The March 2011 capital increase (new equity) has been recorded by the Bad
Homburg corporate registry.
The Management Board
Queries: Leigh A. Hooper, CEO, Tel. +49 6172 483 2352
About Activa Resources AG
Activa Resources AG is an independent oil and gas company which focuses on
the acquisition, development and exploitation of oil and natural gas
properties. Activa Resources AG is listed on the Frankfurt stock exchange
and is based in Bad Homburg, Germany. The company's management and
technical team comprise oil industry experts with many years operational
experience at major international oil companies. Further information can be
found at www.activaresources.com.
Forward-looking statements
This news release includes forward-looking statements. Forward-looking
statements include, but are not limited to, statements concerning estimates
of expected drilling and development wells and associated costs, statements
relating to estimates of, and increases in, production, cash flows and
values and other statements which are not historical facts. When used in
this document, the words such as 'could,' 'plan,' 'estimate', 'expect',
'intend', 'may', 'potential', 'should' and similar expressions are
forward-looking statements. Although Activa believes that its expectations
reflected in these forward-looking statements are reasonable, such
statements involve risks and uncertainties and no assurance can be given
that actual results will be consistent with these forward-looking
statements. Important factors that could cause actual results to differ
from these forward-looking statements include the potential that the
Company's projects will experience technological and mechanical problems,
that geological conditions in the reservoir may not result in commercial
levels of oil and gas production, that changes in product prices can have a
material impact and that Activa fails to raise sufficient capital to
adequately fund its activities.
End of Corporate News
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18.04.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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120344 18.04.2011
Datum: 18.04.2011 - 08:26 Uhr
Sprache: Deutsch
News-ID 33808
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Kategorie:
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