Crown Energy raises 11 MSEK in directed share issue subject to approval from shareholders’ meeting
The Board of Directors of Crown Energy AB (publ) (”Crown Energy” or the ”Company”) yesterday resolved to issue a maximum of 5.5 million shares to a smaller group of investors. The rights issue provides Crown Energy with approximately 11 MSEK in issue proceeds before deduction of transaction costs. The resolution is subject to approval from a shareholders meeting on 21 January 2016. The issue proceeds will mainly be used for Crown Energy’s continued operations and development of existing and new projects.On 29 December 2015, the Board of Directors has resolved to issue a maximum of 5.5