Norrlandsfonden has granted Copperstone Resources AB (“Copperstone” or “the company”) a convertible loan of 1 MSEK. Norrlandsfonden has, according to the terms of existing engagements, the right, but not the obligation, to support Copperstone in conjunction with capital raisings.
The loan carries an interest of Stibor 90 + 5 % from payment with quarterly payments. Norrlandsfonden has the right to, during the period 2019-01-01 – 2025-12-31 convert the whole or parts of the amount to shares. At full conversion, Norrlandsfonden would receive 1 754 386 B-shares.
“The fact that Norrlandsfonden continues to support the development of the Company is a very positive signal. It strengthens our development capacity and staying power and allows us to carry out more development efforts in parallel”, comments Copperstone CEO Per Storm.”
For further information, please contact Per Storm, CEO Copperstone, +46 705 94 90 24, e-mail: email@example.com or refer to Copperstone Resources webpage: www.copperstone.se.
This press release contains insider information which Copperstone Resources AB is obliged to publish according to the EU market abuse regulation (MAR). The information was delivered by the above mentioned contact for publishing February 28, 2017 at 19:00 CET.
Copperstone Resources AB (publ) is a mining exploration company focusing on the Copperstone project in the vicinity of the Skellefte field. This project has the potential to become one of the biggest base- and precious metal deposits in the Nordic Region.
Copperstone Resources has eight exploration tenements covering approx. 9260 acres and two mining concessions and one applied concession covering a total of 82 acres.
The share (COPP B) of the Company is traded on Nasdaq First North Stockholm with G&W Fondkommission as the Certified Adviser.