Danderyd October 31, 2019
Copperstone announces that Yorkville Advisors Global, LP (Yorkville) today has decided to convert the remaining 5 MSEK of the outstanding convertible debenture into Copperstone B-shares. The first tranche of 22.5 MSEK is therefore fully settled. Copperstone is entitled, however not obliged, to, subject to certain conditions, raise up to a total of 100 MSEK through Yorkville. The Company’s total number of shares in issue after the final conversion will amount to 549 329 487 B-shares, corresponding to a dilution of 2.4%.
“Yorkville was one of several keys to the Viscaria transaction, Yorkville stood firm when others fell out. In addition to providing convertible debt, Yorkville also invested equity into the Company along with other investors in the last round. Thanks to our shareholders, our company’s momentum as well as the strong liquidity in the Copperstone share, we have been able to settle our commitments towards Yorkville in a shorter time span than expected.”, comments Copperstone CEO Michael Mattsson.
For further information, please contact Michael Mattsson (CEO) at +46(0)580-88890, or firstname.lastname@example.org or refer to Copperstone webpage: www.copperstone.se.
The information was delivered by the above-mentioned contact for publishing October 31, 2019 at 14:50 CET.
Copperstone is a public company trading as COPP B on Nasdaq First North Growth Market in Stockholm, Sweden. The Certified Adviser is Augment Partners AB, email@example.com, +46 8 505 65 172. The Company is focused on base and precious metal exploration in the vicinity of the internationally recognized mining districts of Kiruna and the Skellefte-field in northern Sweden. In addition, the Company also owns an exploitation concession in the Bergslagen mining region, in central Sweden.