Reference is made to the company's stock exchange notice of18 December 2019 , where it was announced that the company had raised a convertible loan ofNOK 10.4 million and a proposal from the Board of Directors to initiate a subsequent offering with gross proceeds of up toNOK 4.6 million . The Board of Directors ofBlack Sea Property AS hereby calls for an extraordinary general meeting to be held on3 February 2020 at 12.00 CET in the offices ofAdvokatfirmaet CLP DA , Sommerrogata 13-15, 0255 Oslo, to discuss a proposal for a share capital increase in connection with the conversion of the loan and a proposal for a share capital increase in connection with the subsequent offering. The notice for the extraordinary general meeting is attached to this stock exchange notice. The statement from the Board of Directors in connection with the debt conversion and the auditor's statement on the Board statement will be made available at the Company's website, http://www.blackseaproperty.no/. For further information, please contact: Egil Melkevik, Chairman Tel: +47 90 77 09 76 E-mail: em@ms-solutions.no AboutBlack Sea Property AS :Black Sea Property AS is a real estate company with holdings in a real estate project on the Black Sea coast calledSunrise Gardens .Sunrise Gardens Resort is a partially-completed project and will upon completion comprise approximately 950 apartments as well as significant commercial space.Black Sea Property AS owns indirectly 75% of the project.Black Sea Property AS will work to finalizeSunrise Gardens Resort , to realize the project's added value through the sale of residential units and hotel operations.
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