26.10.2015
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DGAP-News: Activa Resources AG: Activa Resources AG raises EUR 1 million of new capital
DGAP-News: Activa Resources AG / Key word(s): Capital Increase/Bond
Activa Resources AG: Activa Resources AG raises EUR 1 million of new
capital
26.10.2015 / 12:11
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Activa Resources AG raises EUR 1 million of new capital
- EUR 1 million investment made by new strategic investor
- Via capital increase and further placement of 2013/2017 corporate bond
- New funds will strengthen Activa's position in current oil price
environment
Bad Homburg, 26th October 2015. Activa Resources AG, an independent oil and
natural gas producer, has raised new capital totalling EUR 1 million. The
Management and Supervisory Boards passed resolutions on October 20th to
increase the company's share capital by 10 % against contribution in cash
by partially utilising the company's existing authorised capital. In
accordance with the company's statutes the existing shareholders ́
statutory subscription rights are excluded. In addition, a further private
placement of the Activa Resources AG 2013/2017 corporate bond has been
concluded.
As a result of the capital increase the company's nominal capital will
increase from currently EUR 5,466,803 (divided into the same number of
bearer shares) by EUR 546,680 to EUR 6,013,483 via issuance of 546,680 new
bearer shares. The new shares were subscribed by a German strategic
investor, active in the energy industry, at a price of EUR 1.40 per share.
Gross proceeds amount to EUR 765,352. No placement fees were paid.
In addition, a EUR 223,000 private placement of the Activa Resources AG
2013/2017 corporate bond (ISIN: DE000A1YCS50) to the same investor has been
made at a price of 100 %, thus taking the total outstanding volume of the
bond to EUR 5 million.
The total new capital raised by these combined measures totalling EUR 1
million will serve to strengthen Activa's financial position and to further
develop the company's operational activities.
Leigh A. Hooper, CEO of Activa Resources AG states: "Like all companies in
our industry we are impacted by the cyclical downturn in oil prices.
Despite the current market environment, we have succeeded in raising new
capital from strategic investors thanks to the development potential of our
oil and natural gas assets. Besides these capital measures we are making
important operational adjustments which will allow us to increase the value
of our assets going forward."
The Management Board
About Activa Resources AG
Activa Resources AG is an independent oil and gas company which focuses on
the acquisition, development and exploitation of oil and natural gas
properties. Activa Resources AG is listed on the Frankfurt stock exchange
and is based in Bad Homburg, Germany. The company's management and
technical team comprise oil industry experts with many years operational
experience at major international oil companies. Further information can be
found at www.activaresources.com.
Forward-looking statements
This news release includes forward-looking statements. Forward-looking
statements include, but are not limited to, statements concerning estimates
of expected drilling and development wells and associated costs, statements
relating to estimates of, and increases in, production, cash flows and
values and other statements which are not historical facts. When used in
this document, the words such as "could," "plan," "estimate", "expect",
"intend", "may", "potential", "should" and similar expressions are
forward-looking statements. Although Activa believes that its expectations
reflected in these forward-looking statements are reasonable, such
statements involve risks and uncertainties and no assurance can be given
that actual results will be consistent with these forward-looking
statements. Important factors that could cause actual results to differ
from these forward-looking statements include the potential that the
Company's projects will experience technological and mechanical problems,
that geological conditions in the reservoir may not result in commercial
levels of oil and gas production, that changes in product prices can have a
material impact and that Activa fails to raise sufficient capital to
adequately fund its activities.
Company contact
Activa Resources AG
Hessenring 107
61348 Bad Homburg
www.activaresources.com
Phone: +49 (0)6172-483 2352
FAX: +49 (0)6172-483 2353
[email protected]
Investor Relations Contakt
GFEI Aktiengesellschaft
Mailänderstr. 2
30539 Hannover
Germany
www.gfei.ag
Phone: +49 (0)511-4740 2310
FAX: +49 (0)511-4740 2319
[email protected]
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26.10.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
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