Crown Energy AB Rights Issue.
/Swedish oil company Crown Energy AB, in which Comtrack is a founder shareholder, has announced that during the period between June 25 and July 12, 2012, there was a rights issue with preferential rights for shareholders of Crown of approximately SEK 10.7 million and also a private placement of SEK 30 million. The two issues were fully subscribed by the Company's shareholders, including Comtrack, and other stakeholders, and thus providing Crown with approximately $7.7 million cash before issue costs. The subscription price was 7 SEK or $1.04 per share. The shares of Crown are quoted on a stock exchange in Sweden.
Mangold Securities of Stockholm, Sweden, is financial adviser to Crown Energy in connection with the issuance and Gransäter & Partners Corporate Finance AB also of Stockholm participated in the marketing of the private placement.