AGS Capital Group and Leox Holding has signed an agreement Providing Leox $5,000,000 (approx 35 000 000 SEK)
Leox Holding has signed an agreement with AGS Capital Group, LLC (United States based specialist investor group) on a $5,000,000 Reserve Equity Financing to fund Leox's acquisition strategy and expansion.
- (1888PressRelease) February 08, 2012 - The proceeds will be transferred to Leox Holding gradually over a period of 36 months. The agreement includes the GCC will assist with IR for the U.S. equity market.
The Agreement is a long term strategic financing partnership that places Leox in control of how and when equity is raised, minimizing any potential dilution or disruption to the capital structure. Leox Holding may, on one or more occasions, attract new equity through targeted new share issues. On each such occasion Leox Holding will be able to obtain capital depending on the volume weighted average price over a 15-day period and the average traded volume over the same period. The volume subscribed may reach the average volume of 2.5 times or more. The agreement runs for 36 months starting on 1 February 2012.
Each issue requires either an approval of the General Shareholders Meeting or an authorization for the Board to decide on a new share issue. The agreement ensures the Group's acquisition strategy and allows for a substantial expansion over the next few years.
"It is very gratifying for Leox Holding to receive long-term financial cooperation with a financially strong partner. Now we can receive the resources we need to - through acquisitions and organic growth - create an entirely new type of "finance house", says Stefan Nordström, CEO Leox Holding.
"We are excited to be working with Leox Holding which we believe to have tremendous growth potential", says Allen Silberstein, Chief Investment Officer of AGS Capital Group.
About Leox
Leox Holding AB (publ) is a public and listed (NMG Nordic MTF Stockholm) holding company with the responsibility to manage and develop the subsidiaries through adequate coordination and financing:
* Leox Corporate Finance AB - services and products within the field of Corporate Finance.
* Leox Inofficiella aktier AB - ad site for unlisted shares
* Börsvinnare Sverige AB - financial information.
About AGS Capital Group, LLC
AGS Capital Group provides flexible equity financing solutions for growth-stage and mature public companies as well as private companies looking to go public. With offices in New York, Hong Kong and India, AGS Capital Group has facilitated the growth of companies within the U.S. and those domiciled in foreign markets around the globe. AGS Capital Group invests in public companies listed on most exchanges and performs fundamental analysis including credit risk, technical analysis of market trends and industry, evaluation of management team experience and corporate structure evaluation. Additional information may be found at www.agscapitalgroup.com
For further information, please contact Stefan Nordström, CEO Leox Holding, +46 (0)42 6005650.
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