Endomines rights issue oversubscribed
(Thomson Reuters ONE) - The press release can be downloaded from the following link:Press Release PDFEndomines AB (publ) has successfully finished a rights issue ofunits. The rights issue was oversubscribed by 33 percent and thegross proceeds amount to SEK 179m6,027,814 units was subscribed for with preferential right,equivalent to 98,6 percent of the rights issue. In addition,2,116,352 units was subscribed for without preferential right,equivalent to 34,6 percent of the rights issue. The rights issuetotaled 6,111,957 units, and was thus oversubscribed by 33,3 percent.Underwriting guarantees were therefore not required to be used.Units subscribed for without preferential right has been allocated tothe subscribers in accordance with the principles set forth in theprospectus dated November 20, 2009. Paid subscription units (BTU)will be traded on NASDAQ OMX First North until the rights issue hasbeen registered with the Swedish Companies Registration Office, andwill subsequently be replaced by shares and warrants. The newlyissued shares and warrants are expected to begin trading on NASDAQOMX First North during the first week of January, 2010.As a result of the rights issue, Endomines' share capital increasesfrom 55,007,613 SEK to 220,030,452 SEK, and the number of outstandingshares increases from 18,335,871 to 73,343,484. Shares acquiredthrough the rights issue entitle to possible dividends as from therecord date for any dividend decided upon after registration of therights issue.- We are very satisfied with the support shown by our shareholders inthis rights issue, which together with the available projectfinancing loan from Nordea and grants from the Finnish Ministry ofEmployment and the Economy will make possible mining start in Pampaloduring the fourth quarter of 2010, comments Markus Ekberg, CEO ofEndomines.Erik Penser Bankaktiebolag has been financial advisor and Cederquisthas been legal advisor to Endomines in the rights issue.For further information, please contact:Markus Ekberg, CEO of Endomines AB, tel. +358-40-706 48 50During 2009, Endomines has completed several important steps todevelop the business from exploration to full-scale gold production.By the end of 2010, the company will commence production at thePampalo Gold Mine, with a projected output of 900-1 000 kg of goldper annum. Further deposits along the Karelian Gold Line will beexploited subsequently. Endomines has additional claims and miningconcessions in Finnish Lappland (gold), Ostrobothnia (ilmenite) andSouthern Finland (limestone/wollastonite).Endomines applies SveMin's & FinnMin's respective rules for reporting(public mining & exploration companies). Endomines has chosen toreport mineral resources and ore reserves according to JORC- or NI43-101-code, which are internationally accepted. Endomines appliesInternational Financial Reporting Standards (IFRS), as approved bythe European Union.The shares of Endomines AB are quoted on First North Premier segmentin Stockholm under tickerENDO.ST. Erik Penser Bankaktiebolag acts as Certified Adviser andLiquidity Provider.Read more about Endomines on www.endomines.comIMPORTANT NOTICEIn certain jurisdictions, the publication or distribution of thispress release may be subject to legal restrictions and persons inthose jurisdictions where this press release has been published ordistributed should inform themselves about and abide by such legalrestrictions.This press release is not directed at persons located in the UnitedStates, Canada, Australia, Hong Kong, Japan, New Zealand, SouthAfrica or in any other country where the offer or sale of the unitrights, interim shares, new shares or subscription options is notpermitted. This press release may not be published or distributed,directly or indirectly, in or into the United States, Canada,Australia, Hong Kong, Japan, New Zealand, South Africa or any othercountry where such action is wholly or partially subject to legalrestrictions or where such action would require additionalprospectuses, other offer documentation, registrations or otheractions in addition to what follows from Swedish law. Nor may theinformation in this press release be forwarded, reproduced ordisclosed in such a manner that contravenes such restrictions orwould require such additional prospectuses, other offerdocumentation, registrations or other actions. Failure to comply withthis instruction may result in a violation of the United StatesSecurities Act of 1933, as amended ("Securities Act") or lawsapplicable in other jurisdictions.This press release does not contain or constitute an invitation or anoffer to acquire, sell, subscribe for or otherwise trade in shares,subscription options, unit rights or other securities in Endomines AB(publ). Any invitation to the persons concerned to subscribe forshares in Endomines AB (publ) will only be made through theprospectus that Endomines AB (publ) intends to publish in [November]2009, which prospectus will contain, among other things, financialstatements as well as detailed information regarding Endomines AB's(publ) Board of Directors and Management.No unit rights, interim shares, the new shares or the subscriptionoptions will be registered under the Securities Act or any provincialact in Canada and may not be transferred or offered for sale in theUnited States or Canada or to persons resident in Canada or onaccount of such persons other than pursuant to an exemption from, orin a transaction not subject to, the registration requirements of theSecurities Act or in such exempt cases that do not requireregistration in accordance with any provincial act in Canada,respectively.http://hugin.info/138043/R/1361173/332380.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 15.12.2009 - 08:46 Uhr
Sprache: Deutsch
News-ID 9614
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