Receives SEK 20 million in bank financing

M.O.B.A. Network has raised new loan financing of SEK 20 million with a leading Nordic bank with a term of 5 years. The agreement provides for increased funding to promote M.O.B.A. Network's continued expansion and growth plans.

The bank financing consists of a bank loan amounting to SEK 20 million. The new bank financing runs for five years and strengthens the M.O.B.A. Networks' maneuverability regarding continued investments and continued growth. M.O.B.A. Network already has approximately SEK 6 million in remaining loans from the same bank.
 
"We are pleased to have entered into this agreement and it contributes to M.O.B.A. Network's long-term growth strategy and the intention of the financing agreement is to be able to materialize opportunities that lie ahead," says Björn Mannerqvist, CEO.

This disclosure contains information that M.O.B.A Network AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 09-04-2021 17:00 CET.

Stockholm 2021-04-09

Björn Mannerqvist, VD

Mail: info@wearemoba.com

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M.O.B.A Network AB runs several global online communities for gaming - and esportfans.

The Company's community brands includes the worlds largest League of Legends strategy community, MOBAFire.com, Counterstats, Leaguespy, RuneterraFire & SMITEFire.com (SMITE).