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What is Oasmia Secures SEK 28M Convertible Loan about?

Oasmia has completed a private placement of SEK 28 million in convertible instruments with a group of investors. The proceeds will be used to partially replace already repaid debt from June 2017. The convertible instruments have a term of approximately one year, mature in November 2018, and bear an interest rate of 8%. If fully converted, the number of shares will increase by over 9 million to a total of 185 million shares, representing a 4.9% dilution.

Author

Deep Run Waters

Language

EN