Bloomberg News

NattoPharma Asks DnB to Provide Bridge-Loan for Financing

October 14, 2011

Oct. 14 (Bloomberg) -- NattoPharma ASA asked its bank DnB NOR Bank ASA to provide it with a bridge-loan based on certain requirements as to security for financing.

The company together with Fondsfinans is in the process of fulfilling theses requirements and expects this to be finalized during week 42/43. The company will hold an extraordinary general meeting on Oct. 31 as it plans to raise its share capital with 15 million to 20 million kroner.

“Until the bridge-loan has been established the company is not in a position to fulfill all of its financial obligations,” it said.

Link to Statement:{NSN LT1KK03PWT1C <GO>}

To contact the editor responsible for this story: Meera Bhatia at mbhatia2@bloomberg.net


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