Panion draws down a second tranche of convertibles of SEK 2 million
Panion Animal Health AB ("Panion") draws down a second tranche from the investment fund managed by Yorkville Advisors Global ("Yorkville").Panion entered into a financing agreement with Yorkville which was announced on 9 January 2018 (the "Agreement") (see press release dated 9 January 2018). On 23 January 2019, Panion’s board of directors decided to draw down a second tranche pursuant to the Agreement as well as the issuance of the Notes and warrants under this second tranche. The issuance is within the limitations of the authorization from the shareholder's meeting held on 29 May 2018.