Crown Energy delays repayment of convertible loan and the interest of the convertible loan
The board of directors of Crown Energy AB (publ) (“Crown Energy” or the “Company”) elected on April 27 to postpone the repayment of the outstanding convertible loan KV1 2013/2016 including interest owed. As communicated on April 4, the Company has entered into an agreement for a private placement that the shareholders will resolve upon at the Annual General Meeting on 4 May. The share issue is expected to be completed following the shareholder approval, approval of a prospectus and some other external conditions to be met. The board of directors sees therefore that adequate capital needed for