The Board of Directors of myFC proposes a targeted new issue of about SEK 21 million
H119 Ltd, advised by Helvetican International Ltd, a Swiss domiciled advisory company, intends to subscribe to 47 million shares in Swedish fuel cell company myFC (MYFC) in a targeted share issue. The transaction, which is subject to approval from an Extraordinary General Meeting, is estimated to bring in approximately 21 million SEK before issue costs.Since the rights issue to existing owners this spring did not generate the expected capital injection, myFC’s Board of Directors has worked toward long-term financing of myFC's streamlined operations as systems integrator and technology