DLT (DLTx)

TekBot juli 15, 2019, 2:27pm #854

Element ASA: Oppdatering vedrørende Ambershaw og AdEx

OSLO (NORGE) – 15. JULI 2019: ELEMENT ASA (ELEMENT, OSE: ELE) VISER TIL BESLUTNINGEN OM Å AVSLUTTE PROSESSEN FOR FÅ ADVANCED EXPLORATION-TILLATELSE (ADEX) FOR MAGNETITT-FOREKOMSTEN BENDING LAKE I CANADA OG Å GÅ DIREKTE VIDERE TIL SØKNADSPROSESSEN FOR KOMMERSIELL GRUVEDRIFT. DEN NYE UTVIKLINGSSTRATEGIEN VIL KREVE BETYDELIGE INVESTERINGER PÅ KORT SIKT, NOE ELEMENT IKKE ER I EN POSISJON TIL Å BIDRA MED, OG SELSKAPET VURDERER NÅ SINE STRATEGISKE ALTERNATIVER.

Ambershaw har gjennom 2018 og 2019 jobbet mot en AdEx-tillatelse for jernmalm med en målsetting om å utvinne opptil 100 000 tonn malm, avhengig av et egnet prosesseringsalternativ for malmen og etterspørselen fra potensielle pelletskjøpere. Driftsinntektene fra AdEx-produksjonen var planlagt å finansiere videreutviklingen av ressursene som en del av prosessen mot en børsnotering, hvorpå søknaden om kommersiell gruvedrift mot utviklingen til fullskala gruveproduksjon ville finne sted.
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Som rapportert i kvartalsrapporten for første kvartal 2019, er undersøkelsene av malmprosesseringsalternativene for AdEx-operasjonen gjennomført parallelt med AdEx-prosessen. Metallurgiske tester og analyse av ulike alternative måter å prosessere malmen på har avdekket at det ikke er foreligger et realistisk alternativ for prosessering av malmen “on site” sett i lys av det begrensede malmvolum som skulle prosesseres i forbindelse med AdEx bulk sample. Økonomisk analyse av transportalternativer har videre avdekket at det ikke finnes noen økonomisk gjennomførbar metode for transport av malm til behandling på et tredjeparts anlegg for AdEx bulk sample.

Ambershaw har derfor besluttet å avbryte AdEx-strategien og går direkte videre med en søknad om kommersiell gruvetillatelse. Den nye utviklingsplanen krever en oppdatert prosjekt- og konsekvensstudie som vil gi Ambershaw en oppdatert utviklingsplan. Prosessen vil i tillegg krever en avgrenset borekampanje for å styrke datagrunnlaget for de identifiserte ressursene, samt en videreføring av miljøstudier og av Community Engagement-prosessen fram mot kommersiell gruvetillatelse.

Den reviderte gruveutviklingsstrategien vil kreve betydelige operasjonelle ressurser og finansielle investeringer frem mot en mulig børsnotering. Element har i dag ikke en balanse som gjør det mulig å påta seg en slik forpliktelse.

“Element ser fortsatt potensial og verdi i Ambershaw-prosjektet, men de nødvendige ressursene og kapitalbehovet før en børsnoteringen kan ikke gjennomføres med vår nåværende balanse og foreliggende finansieringsalternativ. Prosjektet har ikke lenger kontantstrømprofilen som Element vektla da investeringsbeslutningen ble fattet og vi må nå vurdere våre strategiske alternativer og finne den beste veien videre for selskapet og aksjonærene” sier Geir Johansen, administrerende direktør i Element.

For ytterligere informasjon, vennligst kontakt:

Geir Johansen
CEO
E-mail: [email protected]

Thomas Christensen
Styreleder
E-mail: [email protected]

Om Element | www.elementasa.com
Element er et innovativt investeringsselskap innen mineralsektoren, som kontinuerlig arbeider for å skape aksjonærverdi til en lavest mulig risiko. Selskapets strategi går ut på å identifisere undervurderte prosjekter og øke kontantstrømmen i prosjekter der infrastruktur og annet grunnleggende arbeid har blitt gjennomført. Selskapet konsentrerer seg spesielt om prosjekter knyttet til ny – og ofte banebrytende – teknologi innenfor utvalgte nisjesegmenter.

Kilde

TekBot juli 22, 2019, 7:37am #855

Disclosure of shares and rights to shares in Element ASA (“Element”) (flagging)

Reference is made to the announcements disclosed on 10 June 2018 and 22 February 2019 and the details provided therein. European High Growth Opportunities Securitization Fund represented by European High Growth Opportunities Securitization Fund Manco SA (“EHGO”) has on 19 July 2019 sold 92,616 shares in Element.
Following the transaction EHGO hold (i) 2,567,289 shares in Element (including 287,500 shares which are borrowed, refer to the below), equal to 19.95 % of the registered share capital in Element (the “Registered Share Capital”), (ii) 5,500,000 convertible notes convertible into 2,894,737 shares in Element (as at today’s conversion price, but adjustable if the conversion price is adjusted at the time of conversion), equal to 22,49% of the Registered Share Capital and (iii) 1,706,637 warrants giving the right to 1,706,637 shares in Element, equal to 13.26% of the Registered Share Capital.
Furthermore, EHGO has an obligation to redeliver 287,500 borrowed shares in Element pursuant to loan agreements with Legacy Hill Resources Ltd and Element, as disclosed on 18 March 2019.
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Following the transaction, EHGO’s total holding of shares and rights to shares (through warrants to shares) make up 55.69% of the Registered Share Capital.
EHGO is a fund managed by Alpha Blue Ocean Inc. (“ABO”). ABO owns 309,368 warrants in Element giving the right to 309,368 Shares in Element, equal to 2.40% of the Registered Share Capital.
ABO’s total holding of shares and rights to shares (based on convertible notes, warrants and borrowed shares) on a consolidated basis, make up 7,487,030 shares and votes, equal to 58,09% of the Registered Share Capital.
The disclosure regulation (flaggereglene) requires that the disclosure thresholds regarding rights to shares (i.e. notes and warrants) are calculated on the basis of the registered share capital of the issuer at the time of disclosure and do not give the correct view taking into account the situation at the time of conversion/exercise of rights to shares. On a fully diluted basis, taking into account all share issuances pursuant to convertible bonds and warrants, ABO’s consolidated holding of shares and rights to shares will amount to 52.36% of the Registered Share Capital of Element.

About Alpha Blue Ocean Inc.
Alpha Blue Ocean Inc. is an international business company incorporated under the laws of the Republic of Seychelles, represented by Mr. Pierre Vannineuse. Mr. Pierre Vannineuse is the sole shareholder of Alpha Blue Ocean Inc. Alpha Blue Ocean Inc. is a member of the Blue Ocean Investment Group. Alpha Blue Ocean Inc. was created by Pierre Vannineuse and manages an asset portfolio of around 300 million dollars for a group of funds. Blue Ocean specializes in providing flexible, innovating and non-invasive debt and capital financing arrangements to listed companies throughout the world and in various sectors such as healthcare, energy, mining and high tech. Alpha Blue Ocean Inc. has offices in London and Geneva.

Kilde

TekBot juli 29, 2019, 7:26am #856

Element ASA: Innkalling til ekstraordinær generalforsamling 19. august 2019

TekBot juli 29, 2019, 7:26am #857

Element ASA: Summons to Extraordinary General Meeting on 19 August, 2019

TekBot august 8, 2019, 3:15pm #858

Disclosure of shares and rights to shares in Element ASA (“Element”) (flagging)

Reference is made to the announcements disclosed on 10 June 2018 and 22 February 2019 and the details provided therein.

European High Growth Opportunities Securitization Fund represented by European High Growth Opportunities Securitization Fund Manco SA (“EHGO”) has on 7 August 2019 converted 31 convertible notes (with a total conversion amount of NOK 3,100,000) to 2,384,615 new shares in Element (the “New Shares”). The New Shares are expected to be issued and delivered to EHGO as soon as the share capital increase pertaining to the conversion has been registered in the Norwegian Register of Business Enterprises.
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Following receipt of the New Shares EHGO will hold (i) 4,535,194 shares in Element (including 287,500 shares which are borrowed, refer to the below), equal to 29,7269% of the new share capital (the New Share Capital”)*, (ii) 2,400,000 convertible notes convertible to 1,846,154 shares in Element (as at today’s conversion price, but adjustable if the conversion price is adjusted at the time of conversion), equal to 12,10% of the New Share Capital and (iii) 1,706,637 warrants giving the right to 1,706,637 shares in Element, equal to 11,19% of the New Share Capital.

Furthermore, EHGO has an obligation to redeliver 287,500 borrowed shares in Element pursuant to loan agreements with Legacy Hill Resources Ltd and Element, as disclosed on 18 March 2019.

Following receipt of the New Shares, EHGO’s total holding of shares and rights to shares (through warrants to shares) will make up 8,087,985 shares and votes, equal to 53.01% of the New Share Capital.
EHGO is a fund managed by Alpha Blue Ocean Inc. (“ABO”). ABO owns 309,368 warrants in Element giving the right to 309,368 New Shares in Element, equal to 2.03% of the New Share Capital.

ABO’s total holding of shares and rights to shares (based on convertible notes, warrants and borrowed shares) on a consolidated basis, make up 8,397,352 shares and votes, equal to 55.04% of the New Share Capital.
*The calculations above are based on the new share capital following issuance of the New Shares pursuant to the notice for conversion of notes by EHGO on 7 August 2019.

The disclosure regulation (flaggereglene) requires that the disclosure thresholds regarding rights to shares (i.e. notes and warrants) are calculated on the basis of the registered share capital of the issuer at the time of disclosure and do not give the correct view taking into account the situation at the time of conversion/exercise of rights to shares. On a fully diluted basis, taking into account all share issuances pursuant to convertible bonds and warrants, ABO’s consolidated holding of shares and rights to shares will amount to 52.57% of the Share Capital of Element.

**

About Alpha Blue Ocean Inc.
Alpha Blue Ocean Inc. is an international business company incorporated under the laws of the Republic of Seychelles, represented by Mr. Pierre Vannineuse. Mr. Pierre Vannineuse is the sole shareholder Alpha Blue Ocean Inc. is a member of the Blue Ocean Investment Group. Alpha Blue Ocean Inc. was created by Pierre Vannineuse and manages an asset portfolio of around 300 million dollars for a group of funds. Blue Ocean specializes in providing flexible, innovating and non-invasive debt and capital financing arrangements to listed companies throughout the world and in various sectors such as healthcare, energy, mining and high tech. Alpha Blue Ocean Inc. has offices in London and Geneva.

Kilde

TekBot august 14, 2019, 4:43pm #859

Element ASA: Element ASA acquires PALCapital Ventures, Inc. - strengthening its position within the digital and blockchain sectors

OSLO, NORWAY 14 AUGUST 2019 – ELEMENT ASA (ELEMENT, OSE:ELE) TODAY ANNOUNCES THE ACQUISITION OF 100% OF THE SHARES OF PALCAPITAL VENTURES INC. TO PROVIDE A PLATFORM FOR EARLY-STAGE INVESTMENTS WITHIN THE DIGITAL AND BLOCKCHAIN SECTORS.

Element ASA has today signed and consummated an agreement to acquire 100% of the shares in PALCapital Ventures, Inc. (“PALCapital”) from Pacific Alliance Limited, LLC. Pacific Alliance Limited, LLC is a wholly owned company of James Haft (56), a US resident based in New York, who is also engaged as a consultant to Element.
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PALCapital is an investment company with early stage investments within the digital and distributed ledger/blockchain sectors and holds rights to acquire equity and/or rights to tokens (if issued) in four companies within the digital and blockchain industry.

With this transaction Element now offers indirect exposure to the digital industry, through the listed and liquid Element share, tradeable on Oslo Børs.

The consideration for the shares in PALCapital, shall be settled by Element against the issuance of 2,650,000 new shares in Element at par value of NOK 1.60 (“Consideration Shares”). The issuance of the Consideration Shares has been resolved pursuant to the existing authorization to Element’s board of directors to increase the company’s share capital, as adopted at the ordinary annual general meeting held on 28 June 2019.

Registration of the new share capital with the Norwegian Register of Business Enterprises will take place as soon as possible and once the registration of the share capital increase is completed, the Consideration Shares will be registered in the Norwegian Central Securities Depository. The Consideration Shares will be delivered on a separate ISIN on the time of settlement, and will be listed and tradable following announcement of a listing prospectus by Element. The Consideration Shares are subject to a lock-up undertaking that will gradually be lifted during the first 12 months following closing of the transaction.

"We have been working closely with James Haft since announcing our partnership before the summer of 2019, aiming at developing new business initiatives within the digital space. I´m happy to announce the acquisition of PALCapital Ventures to provide a platform for venture investments focused primarily on the distributed ledger/blockchain technology. PALCapital Ventures already has interest in four companies within the digital space and gives our shareholders exposure towards early-stage investments within the digital sector”, says Geir Johansen, CEO of Element.

Element announced 6 June 2019 the partnership with James Haft and PALCapital for the development of new digital initiatives, building on work previously done by Element.

PALCapital currently holds interests in:
• AdNode - a marketing and advertising company that brings accountability to digital marketing
• metaMe - bringing control of personal data back to the individual consumer
• TradeStars - a fantasy sports platform powered by the Ethereum blockchain where users can own, create, trade and monetize digital assets that represents real-life sports performance.
• SportsCastr – an ultra-low latency live video platform for sports. The company has launched FanChain, a cryptocurrency and decentralized sports ecosystem.

“James has long experience and an extensive network within the blockchain eco-system globally. We are happy to announce this new platform for exposure towards early-stage digital and blockchain sectors normally not available for equity investors who wants liquid assets. All assets in PALCapital represents exposure to the early phase of the portfolio companies. The transaction price balances the implied risk with the potential value creation from future exits. We look forward to develop the PALCapital portfolio further and to continue our work with James to create value within the digital space, “ says Johansen.

For further information, please contact:

Thomas Christensen
Chairman
+47 9225 5444

Geir Johansen
CEO
E-mail: [email protected]
+47 4771 0451

www.elementasa.com

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Kilde

Morti august 14, 2019, 5:29pm #860

Spam? Hehe, neida endelig en melding som jeg gadd lese. Hm, 1.60

1 Like

TekBot august 15, 2019, 8:59am #861

ELEMENT ASA: NEW SHARE CAPITAL REGISTERED

Reference is made to the stock exchange notice from Element ASA (the “Company”) regarding an acquisition of all shares in PALCapital Ventures, Inc. and the issuance of 2,650,000 new shares in the Company to settle such acquisition.

The pertaining share capital increase has now been registered in the Norwegian Register of Business Enterprises, and the share capital of the Company has been increased with NOK 4,240,000. The new share capital of the Company is NOK 24,834,548.80 divided by 15,521,593 shares, each with a par value of NOK 1.60. Each share gives one vote at the Company’s general meeting.
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The 2,650,000 new shares will initially be issued on a separate, non-tradable ISIN. The new shares will be converted to the ordinary ISIN of the Company and made tradable on the Oslo Stock Exchange following approval and publication of a listing prospectus.

For further information, please contact:

Geir Johansen
CEO
E-mail: [email protected]
+47 4771 0451

Thomas Christensen
Chairman
+47 9225 5444

Kilde

TekBot august 15, 2019, 9:37am #862

Element ASA: Disclosure of large shareholding

Reference is made to the stock exchange notice published 14 August 2019 by Element ASA (“Element”) regarding purchase of all the shares in PALcapital Ventures, Inc against the issuance of 2,650,000 new consideration shares (“Consideration Shares”). Hope For More AS has on 14 August 2019 acquired all of the Consideration Shares. James Haft owns all of the shares in Hope For More AS, and following the transaction James Haft and its related parties hold 2,650,000 shares and votes in Element, corresponding to approximately 17.1 % of the currently registered outstanding shares and votes of Element. In addition, James Haft has, through its wholly owned company Pacific Alliance Limited LLC, been granted 50,000 share options under Element’s share option program as announced on 5 June 2019 and 1 July 2019, which corresponds to approximately 0.3 % of the currently registered outstanding shares and votes of Element.

This information is subject to the disclosure requirements set out in Section 4-3 of the Norwegian Securities Trading Act.
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Kilde

TekBot august 15, 2019, 12:44pm #863

Element ASA – notice of breach of convertible loan

Reference is made to Element ASA’s (the “Company”) zero coupon NOK 500 million convertible note facility with attached warrants (the “Convertible Note Facility”) with European High Growth Opportunities Securitization Fund, represented by European High Growth Opportunities Securitization Fund Manco SA (the “Investor”). The Convertible Note Facility was approved by the Company’s general meeting on 6 June 2018, and the general meeting approved amended terms of the Convertible Note Facility on 18 March 2019.

Reference is further made to the Investor’s disclosure of shares and rights to shares in the Company on 8 August 2019 in which the Investor announces that it has on 7 August 2019 converted 31 convertible notes (with a total conversion amount of NOK 3,100,000) to 2,384,615 new shares in the Company, which imply that the conversion price is NOK 1.30 per share.
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The Company has today received a notice of breach of the Convertible Note Facility by the Investor due to the fact that the Company has failed to deliver the shares to the Investor. The Company disagrees with this, due to inter alia that it is not lawful to convert shares at a conversion price below the par value of the shares under Norwegian company law. Par value of the shares is NOK 1.60. The Investor has today claimed that, instead of delivering 2,384,615 shares to the Investor, the company shall deliver 1,937,500 shares to the Investor and pay a contractual penalty of NOK 601,369, which equals to the difference between the par value of the shares and NOK 1.30 multiplied with the new number of shares requested converted. The Company is currently of the view that it is not required to honour the conversion notice received on 7 August 2019. Further to this, the Company is also of the view that it is not in breach of the contract. The Company is currently assessing the legality of the revised request received today.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Geir Johansen
CEO
E-mail: [email protected]
+47 4771 0451

Thomas Christensen
Chairman
+47 9225 5444

Kilde

strongbuy august 15, 2019, 1:25pm #864

For lite aksjer i markedet til investoren som konverterte? Det som presser prisen opp da de må handle i markedet ?

Krieghoff august 15, 2019, 1:30pm #865

Har ikke kjennskap til ELE men de konventeres vel til nye aksjer? At man er i brudd med lånevilkårene skal kunne tolkes positiv skjønner jeg lite av.

1 Like

strongbuy august 15, 2019, 1:36pm #866

Er ihvertfall noen som handler det de får tak i

TekBot august 15, 2019, 3:57pm #867

Element ASA – Flaggemelding – Fullmakter til ordinær generalforsamling 28. juni 2019

TekBot august 16, 2019, 6:22am #868

Disclosure of shares and rights to shares in Element ASA (“Element”) (flagging)

Reference is made to the announcements disclosed on 10 June 2018 and 22 February 2019 and the details provided therein. Reference is further made to the announcement made by Element today regarding the new share capital following issuance of shares. Please note that for the avoidance of doubt, the disclosures below assumes that the conversion of the convertible notes, as disclosed on 8 August 2019, has not occurred, due to delay in effecting the conversion from Element’s side. A separate announcement will be made shortly to update and correct the disclosure regarding the conversion of convertible notes.

European High Growth Opportunities Securitization Fund represented by European High Growth Opportunities Securitization Fund Manco SA (“EHGO”) (i) 2,148,674 shares in Element (including 287,500 shares which are borrowed, refer to the below), equal to 13.8431% of the registered share capital (the "Share Capital”), (ii) 5,500,000 convertible notes convertible to 3,437,500 shares in Element (as at today’s conversion price, but adjustable if the conversion price is adjusted at the time of conversion), equal to 22.15% of the Share Capital and (iii) 1,706,637 warrants giving the right to 1,706,637 shares in Element, equal to 11% of the Share Capital.
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Furthermore, EHGO has an obligation to redeliver 287,500 borrowed shares in Element pursuant to loan agreements with Legacy Hill Resources Ltd and Element, as disclosed on 18 March 2019.

EHGO’s total holding of shares and rights to shares (through warrants to shares) make up 7,292,811 shares and votes, equal to 46.98% of the Share Capital.

EHGO is a fund managed by Alpha Blue Ocean Inc. (“ABO”). ABO owns 309,368 warrants in Element giving the right to 309,368 New Shares in Element, equal to 1.99% of the Share Capital.

ABO’s total holding of shares and rights to shares (based on convertible notes, warrants and borrowed shares) on a consolidated basis, make up 7,602,179 shares and votes, equal to 48.97% of the Share Capital.

The disclosure regulation (flaggereglene) requires that the disclosure thresholds regarding rights to shares (i.e. notes and warrants) are calculated on the basis of the registered share capital of the issuer at the time of disclosure and do not give the correct view taking into account the situation at the time of conversion/exercise of rights to shares. On a fully diluted basis, taking into account all share issuances pursuant to convertible bonds and warrants, ABO’s consolidated holding of shares and rights to shares will amount to 43.83% of the Share Capital of Element.

**
About Alpha Blue Ocean Inc.

Alpha Blue Ocean Inc. is an international business company incorporated under the laws of the Republic of Seychelles, represented by Mr. Pierre Vannineuse. Mr. Pierre Vannineuse is the sole shareholder Alpha Blue Ocean Inc. is a member of the Blue Ocean Investment Group. Alpha Blue Ocean Inc. was created by Pierre Vannineuse and manages an asset portfolio of around 300 million dollars for a group of funds. Blue Ocean specializes in providing flexible, innovating and non-invasive debt and capital financing arrangements to listed companies throughout the world and in various sectors such as healthcare, energy, mining and high tech. Alpha Blue Ocean Inc. has offices in London and Geneva.

Kilde

TekBot august 16, 2019, 6:30am #869

Correction - Disclosure of shares and rights to shares in Element ASA (“Element”) (flagging)

Reference is made to the announcements disclosed on 10 June 2018 and 22 February 2019 and the details provided therein. Reference is further made to the disclosure of large shareholding made on 8 August 2019. As the conversion price relating to the announcement made on 8 August 2019 was below the par value of the shares in Element, the number of conversion shares will be adjusted to reflect issuance at the par value. As such, the new number of shares to be received pursuant to conversion of 31 convertible notes, as announced on 8 August 2019, amounts to 1,937,500 shares in Element (the “New Shares”).

The New Shares are expected to be issued and delivered to European High Growth Opportunities Securitization Fund represented by European High Growth Opportunities Securitization Fund Manco SA (“EHGO”) as soon as the share capital increase pertaining to the conversion has been registered in the Norwegian Register of Business Enterprises. EHGO notes the announcement made by Element on 15 August 2019 regarding its view that it is not required to honour the conversion notice. EHGO maintains that the conversion notice is valid and that Element is required to proceed to issue the conversion shares.
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Following receipt of the New Shares EHGO will hold (i) 4,086,174 shares in Element (including 287,500 shares which are borrowed, refer to the below), equal to 23.4043% of the new share capital (the New Share Capital”)*, (ii) 2,400,000 convertible notes convertible to 1,500,000 shares in Element (as at today’s conversion price, but adjustable if the conversion price is adjusted at the time of conversion), equal to 8.59% of the New Share Capital and (iii) 1,706,637 warrants giving the right to 1,706,637 shares in Element, equal to 9.78% of the New Share Capital.

Furthermore, EHGO has an obligation to redeliver 287,500 borrowed shares in Element pursuant to loan agreements with Legacy Hill Resources Ltd and Element, as disclosed on 18 March 2019.

Following receipt of the New Shares, EHGO’s total holding of shares and rights to shares (through warrants to shares) will make up 7,292,800 shares and votes, equal to 42% of the New Share Capital.

EHGO is a fund managed by Alpha Blue Ocean Inc. (“ABO”). ABO owns 309,368 warrants in Element giving the right to 309,368 New Shares in Element, equal to 1.77% of the New Share Capital.

ABO’s total holding of shares and rights to shares (based on convertible notes, warrants and borrowed shares) on a consolidated basis, make up 7,602,179 shares and votes, equal to 43.54% of the New Share Capital.

*The calculations above are based on the new share capital following issuance of the New Shares pursuant to the notice for conversion of notes by EHGO on 7 August 2019, as adjusted for the number of shares as disclosed herein.

The disclosure regulation (flaggereglene) requires that the disclosure thresholds regarding rights to shares (i.e. notes and warrants) are calculated on the basis of the registered share capital of the issuer at the time of disclosure and do not give the correct view taking into account the situation at the time of conversion/exercise of rights to shares. On a fully diluted basis, taking into account all share issuances pursuant to convertible bonds and warrants, ABO’s consolidated holding of shares and rights to shares will amount to 41.96% of the Share Capital of Element.

**
About Alpha Blue Ocean Inc.

Alpha Blue Ocean Inc. is an international business company incorporated under the laws of the Republic of Seychelles, represented by Mr. Pierre Vannineuse. Mr. Pierre Vannineuse is the sole shareholder Alpha Blue Ocean Inc. is a member of the Blue Ocean Investment Group. Alpha Blue Ocean Inc. was created by Pierre Vannineuse and manages an asset portfolio of around 300 million dollars for a group of funds. Blue Ocean specializes in providing flexible, innovating and non-invasive debt and capital financing arrangements to listed companies throughout the world and in various sectors such as healthcare, energy, mining and high tech. Alpha Blue Ocean Inc. has offices in London and Geneva.

Kilde

cagey2 august 16, 2019, 8:50am #870

Haha for et sirkus…! Kursen spretter opp og ned russiske prosenter. Minimalt med omsetning da.

TekBot august 16, 2019, 2:12pm #871

ELEMENT ASA: KONVERTERING AV OBLIGASJONER

Det vises til børsmelding fra Element ASA (“Selskapet”) 15. august 2019 angående varsel om brudd på selskapets Konvertible Lånefasilitet. Selskapet har i dag blitt enige med European Secureitization Fund Manco SA om å konvertere 31 konvertible obligasjoner(med et samlet konverteringsbeløp på 3.100.000 kroner) til 1.937.500 aksjer til pålydende (NOK 1,60). Tvisten om potensiell kontraktsstraff på inntil 601.369 kroner er avtalt å bli avgjort i samsvar med gjeldende lov etter registrering av de nye aksjene i Foretaksregisteret.

De nye aksjene forventes å bli registrert i Foretaksregisteret den 19. august 2019 og vil i utgangspunktet bli utstedt på en egen, ikke-omsettelig ISIN. De nye aksjene blir konvertert til selskapets ordinære ISIN og omsettelige på Oslo Børs etter godkjenning og publisering av et noteringsprospekt.
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For further information, please contact:

Geir Johansen
CEO
E-mail: [email protected]
+47 4771 0451

Thomas Christensen
Chairman
+47 9225 5444

Kilde

TekBot august 16, 2019, 2:52pm #872

Element ASA - Disclosure of proxy botes for Extraordinary General Meeting August 19, 2019

Authorizations have been granted to the ordinary general meeting of Element ASA on August 19, 2019, which in accordance with section 4-3 of the Securities Trading Act entails the obligation to flag.

The following have received authorizations from shareholders in Element ASA:
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• Chairman Thomas Christensen through EASYTOCONNECT AS and private (own): 400,000 shares (2.29%),
• Total shares by proxy: 5,309,553 shares (30.41%),
• Total own shares and shares by proxy: 5,709,553 shares (32.70%).

The percentage is calculated based on the total number of registered shares (12,872,348) plus shares issued for the purchase of PALcapital Venture (2,650,000) plus shares to be issued to ABO (1,937,500) a total of 17,459,848 shares.

This information is subject to the disclosure requirements of Securities Trading Act §5-12.

Kilde

TekBot august 19, 2019, 7:35am #873

ELEMENT ASA: NEW SHARE CAPITAL REGISTERED

Reference is made to the stock exchange notice dated 16 August 2019 from Element ASA (the “Company”) regarding a conversion of 31 notes (with a total conversion amount of NOK 3,100,000) under the Company’s zero coupon NOK 500 million convertible facility with Alpha Blue Ocean Advisors Ltd. The conversion of the notes imply an issuance of 1,937,500 new shares.

The pertaining share capital increase has now been registered in the Norwegian Register of Business Enterprises, and the share capital of the Company has been increased with NOK 3,100,000. The new share capital of the Company is NOK 27,934,548.80 divided by 17,459,093 shares, each with a par value of NOK 1.60. Each share gives one vote at the Company’s general meeting.
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The 1,937,500 new shares will initially be issued on a separate, non-tradable ISIN. The new shares will be converted to the ordinary ISIN of the Company and made tradable on the Oslo Stock Exchange following approval and publication of a listing prospectus.

For further information, please contact:

Thomas Christensen
Chairman
+47 9225 5444

Geir Johansen
CEO
E-mail: [email protected]
+47 4771 0451

Kilde