Copperstone Resources AB
Pressmeddelande
COPPERSTONE RESOURCES: NORRLANDSFONDEN SUPPORTS DEVELOPMENT WITH 1 MSEK
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: per.storm@copperstone.se 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.