The required registration procedures have now been finalized and the issued convertibles (convertible bond loans) will today start trading on Nasdaq OMX First North. The convertibles will trade under the short name GOLD KV1 with a trading block of SEK 11 per convertible.
Conversion of convertibles to new shares in the company may take place during the periods 1 - 15 January, 1 - 15 May and 1 - 15 September each year beginning 1 January 2011 and ending 15 September 2013.
The convertibles will run from 3rd of May 2010 with an annual interest based on STIBOR 90 days plus six (6) percentage points with a maximum interest rate of ten (10) percent during each interest period. Interest will fall due quarterly in arrears with first payment 30th of June 2010.
For further information:
Kjell Larsson, CEO Tel: +46 (0)950-27506 or +46 (0)70-385 03 57 E-mail:kjell.larsson@lgold.se
Anders Haker, CFO Tel +46 (0)70-810 85 59 E-mail:anders.haker@lgold.se
Also visit:www.lapplandgoldminers.com About Mangold Fondkommission:www.mangold.se
Lappland Goldminers AB is a producing mining company with significant exploration activities. The Company is listed on the market place First North Premier under the name GOLD, with Mangold Fondkommission AB as Certified Adviser, as well as on the Norwegian OTC list. Lappland Goldminers' strategy is to develop mineral deposits into profitable producing mines. The Company is strategically positioned with the the fully permitted Fäboliden gold project and the Ersmarksberget deposit and processing plant in northern Sweden. The Pahtavaara gold operation is located in the north of Finland and the Haveri gold deposit in the south of Finland. Lappland Goldminers is a member of SveMin, the Swedish association for mines, minerals and metal producers, and follows SveMin's reporting rules for public mining and exploration companies.
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The required registration procedures have now been finalized and the issued
