The subscription period for the private placement closed on 1 October 2010, and Thinfilm is pleased to announce a successful placement whereby Thinfilm has resolved to issue 23,314,000 new shares. The subscription price was NOK 0.80 per share, such that the gross proceeds amount to NOK 18.7 million. Including the two proposed warrants issued to each share subscribed, the potential gross proceeds are NOK 62.9 million.
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