LDA converts its convertible loanPress release (PDF)
Endomines Finland Plc – Stock Exchange Release, 14.3.2023, at 19.00 EET
As communicated by Endomines on January 4th, 2023, Endomines issued a convertible loan to LDA Capital Limited (LDA) for a total amount of EUR 1,000,000 based on LDA’s investor call request. LDA has notified Endomines that LDA wishes to convert part of this loan, total EUR 200,000, into new Endomines shares. After this conversion, the total amount of LDA EUR 1.0 M convertible loan has been converted to shares. Under the terms of the convertible loan agreement between the parties, the conversion price corresponds to 85 percent of the daily volume weighted average price for the Company’s share on Nasdaq Helsinki during the 15 trading days the date of the conversion demand.
As a result of the conversion, Endomines will issue 45,371 new shares. Following the conversion, the total number of shares and votes in Endomines will increase from 9,449,402 shares and votes to 9,494,773 shares and votes. The new shares represent approximately 0.48 percent of the increased total number of shares and votes of the company after the registration of the new shares.
Endomines Finland Plc
Mikko Sopanen, CFO
firstname.lastname@example.org, +358 50 434 7439
Endomines is a mining and exploration company with its primary focus on gold. Endomines is engaged in mining operations at the Pampalo mine in Ilomantsi, and in exploration activities along the Karelian Gold Line in Eastern Finland. Endomines also owns rights to several gold deposits in Idaho and Montana, US, where Endomines aims to continue the development work through partnership agreements. www.endomines.com