COPPERSTONE RESOURCES AB: INCENTIVE PROGRAM FULLY SUBSCRIBED
Danderyd 22nd May 2018
On May 17th 2018, the Annual General Meeting of Copperstone Resources AB (below “Copperstone” or “the Company”) resolved upon an incentive program for a maximum number of warrants corresponding to 2,000,000 B-shares . The program/warrants has now been fully subscribed. The warrants have three years to maturity and the exercise price is 3.13 SEK per share of Series B. The maximum dilution amounts to 0.82% of the number of shares and votes in Copperstone.
The subscribed warrants, which will be distributed from the subsidiary Argo AB, were allocated as follows:
Chris McKnight 1,050,000, Michael Mattsson 375,000, Niclas Löwgren 325,000, Ann Zetterberg 150,000, and Petter Tiger 100,000.
The Company will receive 6,260,000 SEK if the warrants are exercised by Friday 21st May, 2021. Copperstone will initially receive SEK 70,000 from the subscribers (as a market value premium paid for the warrants), or approx. SEK 20,000 net after legal and financial costs.
“We are grateful towards the shareholders acknowledging our hard work and providing key persons an extra reward, motivation and incentive for the exciting years ahead” comments Copperstone Chairman Michael Mattsson.
For further information, please contact Chris McKnight (CEO) at +46(0)580-88890, firstname.lastname@example.org or refer to Copperstone webpage: www.copperstone.se.
The information was delivered by the above mentioned contact for publishing 22nd May 2018 at 1430 CET.