Baar (pta015/06.01.2021/19:27) - CAG Executes Term Sheet for EUR 25,000,000 financing facility
Baar, Switzerland, 6 January 2021 - CAG International AG ("CAG"), a
company with shares admitted to trading on the Direct Market segment of
the Vienna MTF (Vienna Stock Exchange) under ISIN CH0505534542 (Ticker
Symbol: CAG:AV) today executed a term sheet with Global Emerging
Markets, a USD3.4 billion alternative investment group with offices in New
York, Paris, Los Angeles, and Nassau, to provide CAG with
EUR 25,000,000 in an equity financing facility.
The facility allows the CAG to draw down funds as needed for any
corporate purposes including working capital, acquisitions, and
The facility is subject to the execution of an agreement articulating
the definitive terms between the parties.
About CAG International AG
CAG International AG develops, markets and operates global outsourced
corporate training solutions and corporate agility training. The
Company, through its wholly owned subsidiary CAG Sweden AB owns two
subsidiaries MCLP Sweden AB and MA Sweden AB which together make up
the Minerva Group.
About Global Emerging Markets
Global Emerging Markets ("GEM") is a USD3.4 billion alternative investment
group that manages a diverse set of investment vehicles focused on
emerging markets across the world. GEM's investment vehicles provide the
group and its investors with a diversified portfolio of asset classes
that span the global private investing spectrum.
Certain statements in this press release that are not historical facts
are forward-looking statements that reflect management's current
expectations, assumptions, and estimates of future performance and
economic conditions, and involve risks and uncertainties that could
cause actual results to differ materially from those anticipated by the
statements made herein. Forward-looking statements are generally
identifiable by the use of forward-looking terminology such as
"believe," "expects," "may," "looks to," "will," "should," "plan,"
"intend," "on condition," "target," "see," "potential," "estimates,"
"preliminary," or "anticipates" or the negative thereof or comparable
terminology, or by discussion of strategy or goals or other future
events, circumstances, or effects. Moreover, forward-looking statements
in this release include, but are not limited to, the impact of the
current COVID-19 pandemic, which may limit access to the Company's
facilities, customers, management, support staff and professional
advisors, and to develop and deliver services and products. The
Company's forward-looking statements could be affected by many factors,
including, but not limited to, the Company's ability to commercialize,
demand for the Company's products and services, economic conditions in
the U.S. and worldwide, and the Company's ability to recruit and retain
management, technical, and sales personnel. Further information relating
to factors that may impact the Company's results and forward-looking
statements are disclosed in the Company's filings with the Securities
and Exchange Commission. The forward-looking statements contained in
this press release are made as of the date of this press release, and
the Company disclaims any intention or obligation, other than imposed by
law, to update or revise any forward-looking statements, whether as a
result of new information, future events, or otherwise.
CAG International AG
6340 Baar, Switzerland
111 51 Stockholm
+46 (0) 8 588 015 80