(AOF) – Europlasma proceeded this Friday to draw 2 tranches of 100 bonds convertible into new shares to be issued by the Company (the “OCA”), corresponding to tranches 23 and 24, representing a total nominal amount of bond loan of 2 million euros, as part of the contract to issue 10,000 OCA warrants with attached share subscription warrants, if any, concluded between Europlasma and Global Corporate Finance Opportunities 11 on April 16, 2021.
The financing program, for a maximum amount of 100 million euros over 7 years, must be used, for 75%, to finance new value-generating projects.
As such, the funds from this draw will be allocated to investments on the Forges de Tarbes site aimed at improving quality on the one hand, accelerating production rates on the other, with a view to increased site profitability; the continuation of the Forges de Gerzat project (an ultra-modern factory for the production of hollow aluminum bodies); and the continuation of work to optimize the asbestos waste treatment plant (Inertam) to consolidate, or even exceed, the performance achieved during the last campaign.
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