Copperstone Resources AB (“Copperstone” or “the Company”) has secured a loan of five (5) million kronor from a qualified investor, which secures continued momentum in the project development. The credit facility runs between three (3) and six (6) months with an annual interest rate of 11 %, considered as market rate.
“Copperstone is presently in an exciting development phase and even though the Company is not in the need of immedia1te financing we are pleased to secure further working capital that will be dedicated to exploration preparations for the next upcoming drill campaign, which aims to lift the Copperstone project to the next level”, comments Copperstone Chairman Michael Mattsson.
For further information, please contact CEO Per Storm, Copperstone, +46 705 94 90 24, e-mail: firstname.lastname@example.org 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 August 24, 2017 at 20:30 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 largest base- and precious metal deposits in the Nordic Region.
Copperstone Resources has five exploration tenements covering approx. 8756 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.