Acazis AG / Acazis AG Secures Equity Line of EUR 2 Million . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.
Gilching, Munich, December 21st 2011. - Acazis AG, a German company which grows castor plants in Ethiopia and which will shortly be producing edible peanut oil in its own oil mill for the Ethiopian market, has signed a Standby Equity Distribution Agreement (SEDA) with YA Global Master SPV, Ltd. ("YA Global") based in Jersey City, New Jersey, USA.
Under the SEDA, YA Global has committed to acquiring newly issued shares in tranches of a maximum of EUR 100,000 (Euros one hundred thousand) per tranche, over a period of up to 36 months and up to a total amount of EUR 2 million. The first tranche acquisition has been limited to EUR 50,000.00 (Euros fifty thousand).
The SEDA, therefore, does not aim to serve the mid-term financing of Acazis AG, but serves only as a strategic reserve of funds in order to be able to quickly prepare more terrain for the cultivation of castor or to expand the current capacity of the oil mill.
Patrick Bigger, CEO of Acazis AG, states: "The SEDA has provided us with a tool that enables us to react quickly to unexpected requirements for capital. The SEDA is an attractive tool that offers high flexibility at a reasonable price, and which keeps the potential equity dilution for existing shareholders within reasonable limits. We are particularly pleased to find in YA Global both an experienced and innovative partner."
About the company Acazis AG (Acazis) based in Gilching near Munich, operates in the cultivation and use of castor plants, the production of edible oils, the provision of any related services and the acquisition and management of companies and shareholding in related companies as well as the as the carrying out of Executive Board functions.
Contact:
Andreas Burger
Acazis AG, Landsberger Str. 18, D-82205 Gilching
Telefon: +49 8105 778 223 0, Telefax: +49 8105 778 223 9
info@acazis.com (mailto:info@acazis.com)
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Source: Acazis AG via Thomson Reuters ONE
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Acazis AG
Landsberger Str. 18 Gilching Germany
WKN: A1C9YF;ISIN: DE000A1C9YF1;
Listed: Open Market (Freiverkehr) in Frankfurter Wertpapierbörse;
