ARCTIC BLUE BEVERAGES ENTERS INTO LOAN AGREEMENT AMOUNTING TO A TOTAL OF EUR 150,000
Arctic Blue Beverages AB (the “Arctic Blue Beverages” or the “Company”) has today entered into a loan agreement amounting to EUR 150,000 with shareholder Grizzly Hill Capital Ab. The loan runs up until January 31, 2025, with an interest rate per annum of 10 percent.
The Company has today entered into a loan agreement amounting to EUR 150,000 with shareholder Grizzly Hill Capital Ab, controlled by board member Gustaf Björnberg (the “Lender”) to strengthen the Company’s working capital. The loan agreement amounts to EUR 150,000 with an interest rate per annum of 10 percent and runs up until January 31, 2025. The Lender has 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.
