Nyesa Valores Corporación, S.A. announced that it expects to receive €2.55 million in funding
February 20, 2018
Share
Nyesa Valores Corporación, S.A. announced that it has signed an equity line agreement with GEM Global Yield Fund, L.P., a fund managed by Global Emerging Markets for 43,600,000 common shares at €0.0585 per share for gross proceeds of €2,550,600 on February 20, 2018. The issue price includes a premium of €0.0435 per share. The shares will have a nominal value of €653,953.
On February 26, 2018, the company announced a drawdown notice for for 28,000,000 shares at a price of €0.04607 for gross proceeds of €1,289,867. The issue price includes a premium of €0.03107 per share. The shares will have a par value of €0.015. The transaction is subject to approval from the board of directors of the company.
Nyesa Valores Corporacion SA is a Spain-based company primarily engaged in the real estate sector. The Companyâs activities include the acquisition and development of land, as well as the promotion and construction of non-residential properties, such as hotels, office buildings, shopping centers, senior residences, as well as logistics and industrial properties. The Company owns such companies as Gestora Inmobiliaria Besos SA, Edutaimet Sant Adria de Besos SA, Promociones Industriales y Financieras SA, Constructora Inbesos SA, Inbesos Sur SA and Nalcar 2000 SL, among others. On December 5, 2013, Commercial Court No. 1 of Zaragoza completed the common phase of insolvency proceedings. In December 2013, the trustee in bankruptcy presented final report of the Company required under article 96 of the Insolvency Act. On July 15, 2014, the Court announced rules cessation of insolvency of the Company and its subsidiaries.
NYESA VALORES CORPORACIÓN, S.A. 