STOCKHOLM -- (BUSINESS WIRE) -- Regulatory News: The Swedish Companies Registration Office, Bolagsverket has registered the rights issue of units in Endomines AB
(publ)(STO:ENDO) (HEX:ENDOM) on the 16th of December 2014. Paid subscribed units (BTU), traded under ticker ENDO BTU on Nasdaq Stockholm and under ENDOMN0114 on Nasdaq Helsinki, will be deregistered and replaced by warrants and newly issued shares.
The last trading day for the BTU is on 19th of December 2014. First day of trading with the warrants and the newly issued shares is on 5th of January 2015.
Four warrants entitle the holder, not later than 9th of December 2016, to subscribe to one new share at SEK 1.10 per share. The subscription price in Finland is in euro and the subscription price will be determined based on Sveriges Riksbank’s official EUR/SEK exchange rate three days before each specific subscription period.
Endomines conducts exploration and mining business along the 40 kilometer long Karelian Gold Line. Through various regulatory approvals, Endomines controls the exploration rights to this entire area.
The Company’s first mine, Pampalo, started in February 2011. During 2014 Endomines initiated the production of ore from the mine in Rämepuro and is now planning to start mining of the gold deposit in Hosko. The ore from Hosko will, like the ore from Rämepuro, be processed in the fore the Gold Line centrally positioned upgrading plant at Pampalo.
The Company’s business practices and mining operations are based on sustainable principles and on minimizing the impact on the environment.
Endomines applies SveMin's & FinnMin's respective rules for reporting for public mining & exploration companies. The Company has chosen to report mineral resources and ore reserves according to the JORC-code, which is the internationally accepted Australasian code for reporting ore reserves and mineral resources.
Endomines vision is to participate in the future structural transformation and consolidation of the Nordic mining industry. The Company may therefore be involved in acquisitions of interesting deposits or companies, should such opportunities arise.
The shares of Endomines AB are quoted on NASDAQ Stockholm under ticker ENDO and on NASDAQ Helsinki under ticker ENDOM. Pareto Securities acts as Liquidity Provider in Stockholm.
Endomines AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication at 15:30 CET on December 17, 2014.
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Markus Ekberg, CEO
phone +358-40-706 48 50
or visit www.endomines.com