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2008-11-18 17:00:00 CET 2008-11-18 17:00:00 CET REGULATED INFORMATION GeoSentric Oyj - Company AnnouncementGEOSENTRIC EXTENDS THE SUBSCRIPTION PERIOD FOR THE LOAN NOTE ISSUEGEOSENTRIC OYJ BULLETIN November 18, 2008 at 18.00 GEOSENTRIC EXTENDS THE SUBSCRIPTION PERIOD FOR THE LOAN NOTE ISSUE As informed in the bulletin released on September 3, 2008 GeoSentric Oyj has decided to raise a maximum amount of EUR 16,000,000 (“Issue”) by virtue of authorization granted by the Extraordinary General Meeting of September 10, 2007, by issuing a loan note which includes a specific option right to use the note to set off subscription price of shares as according to Chapter 10, Clause 1 of the Finnish Companies Act (“Note”). As disclosed earlier on September 3, and October 13, 2008 the Company has already accepted Note subscriptions for a total amount of EUR 10,000,000. The subscription period for the Issue was originally intended to end on November 18, 2008. However, as certain investors have expressed their interest to make an investment in the company the Board has decided to extend the subscription period of the Issue until April 1, 2009 to explore the investment proposals to raise the remaining at maximum EUR 6,000,000. November 18, 2008 GeoSentric Oyj Distribution: NASDAQ OMX Helsinki Principal news media |
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