Cormoran Complex wants to float

Cormoran Prod Impex S.R.L., the owner of the Cormoran Complex in the Danube Delta, intends to increase its share capital by one million euros, make expansion investments of 5 or 6 million euros and go public. “We want to turn Cormoran into a mini-resort. We now have a new investment project worth 5-6 million euros to expand the complex. To that end we aim to attract new shareholders and increase the share capital from 2.2 million euros to 3.2 million euros, take out some loans and finally be listed on the Stock Exchange in two years,” stated Cornel Gaina, chairman and majority shareholder of the company. “We are now a closed joint stock company. We want to open ourselves up to new shareholders in order to raise additional cash,” Gaina said. Cormoran is located in Uzlina village, Tulcea County. ZF