ARCTIC BLUE BEVERAGES ENTERS INTO LOAN AGREEMENT AMOUNTING TO A TOTAL OF EUR 125,000
Arctic Blue Beverages AB (the “Arctic Blue Beverages” or the “Company”) has today entered into two loan agreements, each agreement amounting to EUR 62,500 with shareholders Grizzly Hill Capital Ab and Heino Group Oy. The loans run up until January 31, 2025, with an interest rate per annum of 10 percent.
The Company has today entered into two loan agreements amounting to a total of EUR 125,000 with shareholders Grizzly Hill Capital Ab, controlled by board member Gustaf Björnberg, and Heino Group Oy, controlled by board member Petri Heino (the “Lenders”) to strengthen the Company’s working capital. Each loan agreement amounts to EUR 62,500 with an interest rate per annum of 10 percent and runs up until January 31, 2025. The Lenders have the right to, should the Company carry out a share issue before January 31, 2025, and provided that all necessary resolutions have been passed, convert the borrowed amount to shares in the Company. In such case, the subscription price for conversion to shares shall be equal to the applicable subscription price in such share issue.
