Danderyd 22nd May 2018
On May 17th 2018, the Annual General Meeting of Copperstone Resources AB (below “Copperstone” or “the Company”) resolved upon an incentive program for a maximum number of warrants corresponding to 2,000,000 B-shares . The program/warrants has now been fully subscribed. The warrants have three years to maturity and the exercise price is 3.13 SEK per share of Series B. The maximum dilution amounts to 0.82% of the number of shares and votes in Copperstone.
The subscribed warrants, which will be distributed from the subsidiary Argo AB, were allocated as follows:
Chris McKnight 1,050,000, Michael Mattsson 375,000, Niclas Löwgren 325,000, Ann Zetterberg 150,000, and Petter Tiger 100,000.
The Company will receive 6,260,000 SEK if the warrants are exercised by Friday 21st May, 2021. Copperstone will initially receive SEK 70,000 from the subscribers (as a market value premium paid for the warrants), or approx. SEK 20,000 net after legal and financial costs.
“We are grateful towards the shareholders acknowledging our hard work and providing key persons an extra reward, motivation and incentive for the exciting years ahead” comments Copperstone Chairman Michael Mattsson.
For further information, please contact Chris McKnight (CEO) at +46(0)580-88890, email@example.com or refer to Copperstone webpage: www.copperstone.se.
The information was delivered by the above mentioned contact for publishing 22nd May 2018 at 1430 CET.
Copperstone is a public company trading as COPP B on NASDAQ First North (Stockholm). The Certified Adviser is Augment Partners AB. The Company is focused on base and precious metal exploration in the vicinity of the internationally recognized mining region of the Skellefte-field in northern Sweden. The Copperstone project is situated on four contiguous exploration permits in Norrbotten County (Sandberget 100 (8074ha), Sandberget 200 (19ha), Sandberget 300 (19ha) and Svartliden 1001 (444ha). In addition the Company owns one exploitation concession within the same area, namely Svartliden K no. 1 (36ha) and an approved application for Eva k no. 1 (34ha) subject to an objection. The Company also owns the Tvistbogruvan K no. 1 (11ha) exploitation concession and the Såggården no. 1 (199ha) exploration permit in the Bergslagen mining region of central Sweden. Quoted surface areas are approximate to the nearest hectare. All exploration permits and exploitation concessions are 100% owned, either directly or through a subsidiary.