Endomines adjusts the timetable for the proposed rights issue

Press release (PDF)
The information in this press release is not intended for distribution, publication or public release, directly or indirectly, in or into, Australia, Canada, Japan, the United States or any other jurisdiction where the publication or distribution of this press release may be unlawful. Please see the important notice at the end of this announcement.

The Board of Directors decided November 22, 2017, subject to approval at the Extraordinary General Meeting (EGM) January 8, 2018, on a rights issue of maximum 20 972 550 shares. According to the decision the record day for participation in the rights issue was to be January 8, 2018 and the subscription period to be between January 10 – 24, 2018.

The Board of Directors has today, January 3, 2018, decided to adjust the date for the record day to January 10, 2018 and to adjust the subscription period to be between January 12 – 26, 2018. Trading in subscription rights will be between January 12-22 and the last day of trading in shares including subscription rights will be January 8, 2018.

For more information about the rights issue please see the separate press releases that Endomines previously have published. These press releases are available on Endomines homepage: www.endomines.se.

In addition to shareholder approval of the rights issue, next steps towards the planned acquisition of TVL Gold 1 Ltd further include that the EGM on January 8, 2018 will also approve that a definitive SPA is entered into, which is now under final negotiations and which will inter alia provide for the issuance of a convertible note as large part of the payment for TVL Gold 1 Ltd. See further the afore-mentioned press releases and the summons to the EGM. The issue prospectus is scheduled to be published on January 11, 2018.

Additional information:

Saila Miettinen-Lähde

CEO, Endomines AB. Tel. + 358 40 548 3695

The information was submitted for publication, through the agency of the contact person set out above, at 17:30 CET on January 3, 2018.

Endomines AB

Endomines AB is a mining company with its primary focus on gold. The Company operates a gold mine in Pampalo and has exploration activities more broadly along the Karelian Gold Line in Eastern Finland. Endomines aims to improve its growth prospects by increasing its exploration activities and through acquisitions. Endomines aims to acquire deposits that are situated in stable jurisdictions and can be brought to production rapidly with limited investments.

Endomines is listed on NASDAQ Stockholm and NASDAQ Helsinki.

Important information
The information in this press release does not contain or constitute an offer to acquire, subscribe or otherwise trade in shares, subscription rights or other securities in Endomines. Any invitation to the persons concerned to subscribe for shares in Endomines will only be made through the prospectus which Endomines estimates will be made public on or around January 11, 2018.

This press release may not be released, published or distributed, directly or indirectly, in or into Australia, Japan, Canada, the United States or any other jurisdiction where participation would require additional prospectuses, registration or measures besides those required by Swedish law. Nor may this press release be distributed in or into such countries or any other country or jurisdiction in which distribution requires such measures or otherwise would be in conflict with applicable regulations. Any failure to comply with the restrictions described may result in a violation of applicable securities regulations.

The subscription rights, paid subscribed shares and shares in Endomines have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or the securities legislation of any state or other jurisdiction in the United States and no subscription rights, paid subscribed shares or shares may be offered, subscribed for, exercised, pledged, sold, resold, granted, delivered or otherwise transferred, directly or indirectly, in or into the United States except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements under the Securities Act and in compliance with the securities legislation in the relevant state or any other jurisdiction of the United States. There will be no public offering of such securities in the United States.

The securities referred to herein have not been approved or disapproved by the US Securities and Exchange Commission, any state securities commission or other regulatory authority in the United States, nor have any of the foregoing authorities passed upon or endorsed the merits of the rights issue or the accuracy or adequacy of this announcement. Any representation to the contrary is a criminal offence in the United States.

This press release contains certain forward-looking information that reflects Endomines’ present view of future events as well as financial and operational development. Words such as “intend”, “assess”, “expect”, “may”, “plan”, “believe”, “estimate” and other expressions entailing indications or predictions of future development or trends, not based on historical facts, constitute forward-looking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties as it depends on future events and circumstances. Forward-looking information is not a guarantee of future results or development and actual outcomes may differ materially from the statements set forth in the forward-looking information.