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HMS Bergbau AG
Capital/Financing Update • Feb 15, 2021
5407_rns_2021-02-15_28677747-bef6-428d-a6e9-881a4409fce9.html
Capital/Financing Update
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Ad-hoc | 15 February 2021 18:57
HMS Bergbau AG: Additional financing for operat-ing and project activities secured through private placement
HMS Bergbau AG / Key word(s): Financing/Investment
HMS Bergbau AG: Additional financing for operat-ing and project activities secured through private placement
15-Feb-2021 / 18:57 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Publication of Insider Information according to Article 17 MAR as of 15 February 2021
HMS Bergbau AG: Additional financing for operat-ing and project activities secured through private placement
Berlin, 15 February 2021: HMS Bergbau AG, one of the leading independent raw materials trading and marketing companies in Germany, has secured debt financing of EUR 8 million in the context of a private placement to finance its operating activities and the project development of its subsidiary Silesian Coal International Group of Companies S.A. The bond was fully subscribed by a German investment entity. The investment entity has the option to convert its loan into shares of Silesian Coal International Group of Companies S.A. held by HMS Bergbau AG in lieu of repaying the loan upon maturity. HMS Bergbau AG plans to use the funds primarily to finance the operating activities of Silesian Coal International Group of Companies S.A. in addition to the expansion of its own business processes. The companies agreed not to disclose further details of the agreement.
Silesian Coal plans to develop the identified potential coal deposit of 2.2 billion tonnes in situ – of which around 672 million tonnes of high-quality coal were identified as recoverable according to the JORC standard – at low cost using existing infrastructure. Once the mining licence has been granted, the aim is to produce around 1.5 million tonnes of coking coal annually. Coking coal has been defined as a critical raw material by the European Union since 2014.
The Management Board
Contact:
Company contact:
HMS Bergbau AG
An der Wuhlheide 232
12459 Berlin
T.: +49 (30) 65 66 81-0
F: +49 (30) 65 66 81-15
Email: [email protected]
URL: www.hms-ag.com
HMS Investor Relations contact:
GFEI Aktiengesellschaft
Ostergrube 11
30559 Hannover
T.: +49 (511) 47 40 23 00
F.: +49 (511) 47 40 23 19
www.gfei.ag
Email: [email protected]
15-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | HMS Bergbau AG |
| An der Wuhlheide 232 | |
| 12459 Berlin | |
| Germany | |
| Phone: | 030 65 66 81-0 |
| Fax: | 030 65 66 81-15 |
| E-mail: | [email protected] |
| Internet: | www.hms-ag.com |
| ISIN: | DE0006061104 |
| WKN: | 606110 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board) |
| EQS News ID: | 1168472 |
| End of Announcement | DGAP News Service |