Copperstone Resources AB
Pressmeddelande
COPPERSTONE RESOURCES AB: COMPLETES DIRECTED ISSUE OF 30 MILLION SEK TO SHB
FONDER AND OTHERS
Published 16 October 2017
COPPERSTONE RESOURCES AB: COMPLETES DIRECTED ISSUE OF 30 MILLION SEK TO SHB
FONDER AND OTHERS
Copperstone Resources AB (“Copperstone” or “the Company”) is pleased to
announce that the Board of Directors have decided on 13 October 2017 to issue
15.957.447 class B-shares to a small group of qualified investors for a total
consideration of 30 million SEK, before transaction costs amounting to approx.
0.9 million SEK. The subscription price is 1,88 SEK per share corresponding to
a discount of approximately 7,4 % to the closing price of 13 October 2017, and
a discount of approximately 9.7% based on a 10 days average closing price prior
to the transaction. The Company’s total outstanding shares have increased from
226,396,314 shares to 242,353,761 shares. The directed issue is executed with
authorization from the Annual General Meeting of May 16, 2017 and corresponds
to a dilution of 6,58% of the total number of shares outstanding in
Copperstone.
The new shares will be subscribed for by the following investors:
Investor msek Amount of B-shares
-----------------------------------------
-----------------------------------------
SHB Fonder 15.00 7,978,723
Modelio Equity 5.00 2,659,574
Gerhard Dal 3.00 1,595,747
Akila AB 2.50 1,329,787
Biljon AB 1.50 797,872
Jens Miöen 1.00 531,915
Johan Biehl 0.75 398,936
Feat Invest AB 0.75 398,936
John Larsson 0.50 265,957
Total 30.00 15,957,447
-----------------------------------------
Erik Penser Bank has been the Company’s financial advisor and Advokatfirman
Lindahl has been the legal advisor in connection to this transaction.
”It is an honour to welcome such well-renowned investors and to manage this
Company that is clearly and steadily moving forward. The proceeds from this
investment will be used predominantly for exploration of porphyry copper
mineralisation at our Copperstone project area. More specifically, we will
direct the investment for core drilling of our geophysical targets that the
Company is currently developing. The NSAMT (Natural Source Audio-frequency
Magnetotellurics) system has a strong track record internationally when it
comes to discovering porphyry copper mineralisation. According to our
knowledge, this is probably the first time this technique has been applied for
exploration of porphyry-style mineralisation in Sweden.” comments Chris
McKnight, CEO for Copperstone.
For further information, please contact Chris McKnight (CEO) at
+46(0)580-88890, or info@copperstone.se or refer to Copperstone webpage:
www.copperstone.se
This press release contains insider information which Copperstone Resources AB
(publ) is obliged to publish according to the EU market abuse regulation (MAR).
The information was delivered by the above mentioned contact for publishing 16
October, 2017 at 08:40CET.
Copperstone Resources AB 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 one mining concession application, namely Eva k no. 1 (34ha). The
Company also owns the Tvistbogruvan k no. 1 (11ha) exploitation concession 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.