STOCKHOLM -- (BUSINESS WIRE) -- Regulatory News: Due to the recent rights issue in
Endomines AB (STO:ENDO) (HEX:ENDOM) the number of shares and votes at 30th of December 2014 have increased to 262,156,875. The share capital in Endomines AB amounts to 262,156,875 SEK. The quota value is 1.00 SEK/share.
The number of shares has increased by 174,771,250 following the rights issue of units based on a Board resolution on 29th of September 2014, approved by the EGM on the 30th of October 2014 and registered by the Swedish Companies Registration Office (Bolagsverket) and Euroclear Sweden AB in December 2014.
About Endomines
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 10:00 CET on December 30, 2014.
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Contacts
Endomines AB
Markus Ekberg, CEO
Endomines AB
phone +358-40-706 48 50
www.endomines.com
