Erria announces 1m dkr. capital raise

Erria announces 1m dkr. capital raise

01-03-2019 10:00:00

The board of directors of Erria has announced that the Company has now raised DKK 1,000,000.00 through the issuance of convertible notes. The board of directors remains authorized to issue additional convertible notes of up to 15,325,635.38 Danish kroner.

The lenders under the convertible notes are:

Ellegaard Holdings Pte Ltd, a Singapore company controlled by Peter Kristian Ellegaard, the chairman of the board of directors of the Company; and Harbour Group Holding ApS, a Danish company controlled by Kristian Svarrer, a director of the board of directors of the Company.

The principal amounts under the convertible notes with Ellegaard Holdings Pte Ltd and Harbour Group Holding ApS are DKK 500,000.00 each.

Source: Erria

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