April 6, 2017 / 1:05 PM / 5 months ago

BRIEF-BrainCool decides on rights issue of about SEK 58.5 mln

April 6 (Reuters) - BRAINCOOL AB (PUBL):

* DECIDES TO CARRY OUT A RIGHTS ISSUE OF UP TO 11,706,064 SHARES AT A SUBSCRIPTION PRICE OF 5.00 CROWNS PER SHARE

* DECISION IS SUBJECT TO APPROVAL AT EXTRAORDINARY GENERAL MEETING

* FULLY SUBSCRIBED RIGHTS ISSUE PROVIDES BRAINCOOL WITH PROCEEDS OF ABOUT 58.5 MILLION SWEDISH CROWNS BEFORE ISSUE COSTS

* SUBSCRIPTION PERIOD RUNS FROM MAY 15 TO MAY 29, 2017

Source text: bit.ly/2o10TtI

Further company coverage: (Gdynia Newsroom)

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