UAB FMĮ „Orion securities“ on 27th of August,2008, has completed a new issue of 4 000 000 common nominal shares of AB“Snaige“ The whole issue was distributed succesfully through the public offering. In accordance with the right of priority, shares of 2,5 litas were distributed only to AB „Snaige“ shareholders during the period between August 8 and August 21; all other interested investors were able to purchase securities during the period between August 22 and August 27. AB“Snaige“ raised 10 000 000 litas after distribution of the whole issue of shares. „Successfully distributed shares show that investors believe in positive future of AB „Snaige“,- told Karolis Rukas, the manager of Corporate Finance division at UAB FMĮ „Orion securities“. The objective of new issue of shares was to increase Company's authorized capital. The raised funds will be used to purchase new metal cutting machines, for the development of new technologies and for the working capital. Managing director Gediminas Ceika +370-315-56206