Stockholm, 2012-03-28 13:07 CEST (GLOBE NEWSWIRE) -- TrustBuddy International AB (publ) ("TrustBuddy" or the "Company") has today resolved to make a directed share issuance of a total of 3,544,056 shares in the Company. The subscribers are Swedish Equity Dynamics AB (publ) and UK based TecStar Ltd. Payment is made by way of set-off of debts that the Company has to the subscribers under certain contractual obligations which are related to the reverse merger transaction between 360 Holding AB (publ) and TrustBuddy AB, completed on 30 June 2011.
The subscription price per share is SEK 0.36, in accordance with the said contracts. The Company's share capital will increase with SEK 139,100.65 as a result of the share issuance.
For additional information, please contact:
Jens Glasø, CEO, TrustBuddy International AB (publ)
+47 40 40 47 50, investorcare@trustbuddy.com
http://trustbuddyinternational.com/
About TrustBuddy International AB (publ)
TrustBuddy International AB (publ) is one of the first in the world to focus on arranging loans
and capital provision between buddies in Scandinavia in an organised manner. The company is listed at
NASDAQ OMX First North in Stockholm. Mangold Fondkommission AB is TrustBuddy
International AB (publ):s Certified Adviser and market maker, contact number: +46 8-503 015 50.