The press release can be downloaded from the following link:
Press Release PDF
Endomines AB (publ) has recently successfully finished a rights issue of units.
The rights issue has been registered with the Swedish Companies Registration
Office and will thus be replaced by shares and warrants, in which trading will
begin on January 13, 2010.
The last day of trading in paid subscription units (BTU) was on January 5, 2010
and will subsequently be replaced by shares and warrants. The first day of
trading in newly issued shares and warrants on NASDAQ OMX First North is January
13, 2010. Trading in warrants will continue until December 10, 2010.
The number of issued warrants is 6 111 957. One (1) warrant entitles the holder
to subscription of one (1) new share for a subscription price of SEK 5.00 during
the period 15 November?15 December 2010. If all warrants are used for
subscription of new shares, the share issue will raise approximately SEK 30.6
million to Endomines. The total number of outstanding shares will increase to
79,455,441 if all warrants are exercised.
The issued share capital of Endomines AB after the share issue amounts to
220,030,452 SEK, divided into 73,343,484 shares at par value of 3.00 SEK per
share.
In addition the Registration Office has registered 1,879,000 subscription
options in accordance with the incentive program approved by the extraordinary
general meeting in November 2009.
For further information, please contact:
Markus Ekberg, CEO of Endomines AB, tel. +358-40-706 48 50
During 2009, Endomines has completed several important steps to develop the
business from exploration to full-scale gold production. By the end of 2010, the
company will commence production at the Pampalo Gold Mine, with a projected
output of 900-1 000 kg of gold per annum. Further deposits along the Karelian
Gold Line will be exploited subsequently. Endomines has additional claims and
mining concessions in Finnish Lappland (gold), Ostrobothnia (ilmenite) and
Southern Finland (limestone/wollastonite).
Endomines applies SveMin?s & FinnMin?s respective rules for reporting (public
mining & exploration companies). Endomines has chosen to report mineral
resources and ore reserves according to JORC- or NI 43-101-code, which are
internationally accepted. Endomines applies International Financial Reporting
Standards (IFRS), as approved by the European Union.
The shares of Endomines AB are quoted on First North Premier segment in
Stockholm under ticker ENDO.ST. Erik Penser Bankaktiebolag acts as Certified
Adviser and Liquidity Provider.
Read more about Endomines on www.endomines.com
[HUG#1371383]
Press Release PDF: http://hugin.info/138043/R/1371383/335573.pdf
