TECHSTEP ASA – Financial update and Private placement of NOK 75-125 million
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN CANADA, JAPAN, AUSTRALIA OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. This announcement is not a prospectus and does not constitute a public offer of any of the securities described herein. Techstep ASA ("Techstep" or the "Company") today announces a cost reduction program and new financial targets, as well as a private placement of new shares (the “Placement Shares”) in the Company raising gross proceeds of NOK 75 million to NOK 125 million (