COPPERSTONE RESOURCES: SUBSCRIBES FULLY IN THE NORDIC IRON ORE RIGHTS ISSUE
Copperstone Resources AB
Pressmeddelande
COPPERSTONE RESOURCES: SUBSCRIBES FULLY IN THE NORDIC IRON ORE RIGHTS ISSUE
The Board of Copperstone Resources AB (“Copperstone” or “the Company”) has
decided to use all subscription rights in the on-going Rights Issue in Nordic
Iron Ore AB (“NIO”), where Copperstone holds an ownership of almost nine (9)
percent. The Company will hereby at least maintain its ownership. The
investment amounts to approx. 1.6 MSEK. In the Board’s view, NIO is a very
robust project.
”We are glad to have the possibility to continue to support NIO and secure our
ownership- and lender interest as we see this as a major and growing financial
asset NIO (debenture of currently 14.4 MSEK) is an interesting mine project,
which in comparison to similar companies appears to be attractively priced. Our
assessment is unchanged and we are convinced that NIO is significantly
undervalued and that the true value will be realised in the upcoming years and
that this will become clear through the expected initial public offering of
NIO.” 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 13th 2017 at 0820 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.