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Axactor SE — Share Issue/Capital Change 2010
Mar 26, 2010
3549_rns_2010-03-26_f31f3a7e-6942-472d-84fb-acc2e9569a1a.pdf
Share Issue/Capital Change
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IGE
Press release No 14 - 2010
26 March, 2010
IGE assumes new name
The former International Gold Exploration IGE AB (OSE: IGE) announced today that the Company has changed its name to IGE Resources AB.
The Company's Extraordinary General Meeting on 26 March, 2010 resolved to change the company name.
The decision is made in order to have a name which better reflects the Company's strategy and operations. Diamond exploration and production is IGE's main focus, with gold exploration currently being a minor part of the Company's portfolio. IGE Resources also holds significant nickel resources in Scandinavia.
IGE: Board authorised to conduct share issue
IGE Resources AB, the former International Gold Exploration IGE AB (OSE: IGE), announced today that the Company's Board of Directors has received authorisation to issue a maximum of 500 million new shares, if and when the Board deems it appropriate.
The extraordinary general meeting of IGE today authorised the Board of Directors to, at one or several occasions, decide on an increase of the Company's share capital through new share issue(s) of maximum 500,000,000 shares with preferential right for the existing shareholders, thereby increasing the Company's share capital by maximum SEK 25 million.
The authorisation enables the Board to decide on a preferential right share issue in order to secure the further financing of the development of IGE, if and when the Board deems it appropriate.
If the authorisation is fully utilized, the dilution will be approximately 27.9 per cent, based on 1,291,109,101 shares, which will be IGE's number outstanding shares after completion of the share issue related to the acquisition of Pangea's assets and operations.
For additional information, please contact:
Tomas Fellbom
CEO, IGE Resources AB
Phone: +46 8 402 28 00 / Mobile: +46 73 322 57 86
E-mail: [email protected]
Thomas Carlsson
CFO, IGE Resources AB
Tel: +46 8 402 28 05 / +46 70 552 26 22
E-mail: [email protected]
IGE Resources AB (publ) is a Scandinavian company mainly focusing on diamonds exploration and production in Southern Africa. IGE's portfolio also includes one of Northern Europe's largest nickel deposits and gold exploration projects in Kenya. IGE is headquartered in Stockholm and its shares are listed on the Oslo Stock Exchange (ticker: IGE). Please refer to www.ige.se for more detailed information.