28.5.2021

Recalculation of warrants due to completed rights issue and directed share issue in Endomines AB (publ)

Press release (PDF)
Endomines AB, Stock Exchange Release 28 May 2021, at 15:15 CEST

As a result of the rights issue and directed share issue in Endomines AB (publ) (the "Company"), which was resolved by the Board of Directors on November 30, 2020 and subsequently approved by the Annual General Meeting on January 4, 2021 and which was subscribed for to 76.0 percent, recalculations of the subscription price and the number of shares the warrants entitles to subscription for have been made in accordance with the terms and conditions for the Company's warrants of series 2019/2022 and 2020/2023. The terms and conditions are available at the Company’s website.

The new subscription price for the warrants of series 2019/2022 is EUR 0.73 per share and the new number of shares that each warrant entitles to subscription for amount to 1.35 shares. Prior to the recalculation, the subscription price was EUR 0.797 per share and each warrant entitled to subscription for 1.13 share. Other subscription terms remain unchanged.

The new subscription price for the warrants of series 2020/2023 is EUR 0.73 per share and the new number of shares that each warrant entitles to subscription for amount to 1.19 shares. Prior to the recalculation, the subscription price was EUR 0.797 per share and each warrant entitled to subscription for 1 share. Other subscription terms remain unchanged.

Contact person
Marcus Ahlström, Deputy CEO ad CFO, +358 50 544 68 14, marcus.ahlstrom@endomines.com

About Endomines
Endomines is a mining and exploration company with its primary focus on gold. The Company explores for gold along the Karelian Gold Line in Eastern Finland and develops mining operations in Idaho, USA and Finland. Endomines aims to improve its long-term 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.

The shares trade on Nasdaq Stockholm (ENDO) and Nasdaq Helsinki (ENDOM).