Copperstone Resources AB
Pressmeddelande
COPPERSTONE RESOURCES: RIGHTS ISSUE SUBSCRIBED 240 %, PROCEEDS OF 23,3 MSEK
Through the Rights Issue (”the Issue”) the amount of shares in Copperstone
Resources AB (publ) (”Copperstone” or “the Company”) increases with 56 599 078
shares and the Company is supplied with 23 205 621 SEK before issuing costs
totalling (including cost of guarantee) of approx. 3,5 MSEK.
The Rights Issue comprises 56 599 078 shares of which 51 224 031 shares was
subscribed with subscription rights, which corresponds to approx. 90,5 per
cent. Remaining 5 375 047 shares, corresponding to approx. 9,5 per cent were
subscribed with subsidiary rights, and in addition, 79 054 866 shares was
subscribed without subscribing rights. In total, the Issue was subscribed to
55,6 MSEK corresponding 240 % per cent, an over subscription of 140 per cent.
Contract notes will be sent to those who have received shares without
subscription rights on February 28th with payment date as per March 3rd 2017.
Those who have not received any shares will not get any notification.
The funds from the Issue will secure on-going drilling towards depth at
Svartliden/Eva, continued development of the Granliden area and make strategic
initiatives possible.
”We are happy about the significant interest among existing owners and welcome
all new shareholders. Together we look forward to an exciting period and we
will now continue the Copperstone project according to plan” Says Copperstone
CEO Per Storm in a comment.
FINANCIAL ADVISOR
Avanza Bank has been acting as financial advisor to Copperstone in conjunction
with the Issue. Avanza Bank is the clearing agent in the offering.
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 08:50 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.