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Endomines — Share Issue/Capital Change 2023
Nov 14, 2023
3155_rns_2023-11-14_63f95d97-95b1-4aa5-b913-e5751861a617.html
Share Issue/Capital Change
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Conversion of a convertible loan into shares
Conversion of a convertible loan into shares
Endomines Finland Plc – Stock Exchange Release – 14.11.2023, at 10.30 EET
Conversion of a convertible loan into shares
In connection with the convertible loan of EUR 287 500 agreed with the current shareholder group and announced on 10 November 2023, Endomines has received a notification to exchange EUR 90,000 into new shares of Endomines Finland Plc.
Under the terms of the convertible loan agreement between the parties the conversion price is the average market price calculated of the daily closing market prices during the applicable pricing period with a deduction of 15 per cent.
As a result of the conversion, Endomines will issue 30,792 new shares. After the conversion of the convertible loan, the total number of shares and votes in Endomines will increase from 9,696,924 shares and votes to 9,727,716 shares and votes.
The new shares represent approximately 0.3 % of the increased total number of shares and votes in the company after the registration of the new shares.
After this conversion, the outstanding amount of convertible loan announced on 10 November 2023, is EUR 197,500.
Endomines Finland Plc
Further information
Minni Lempinen, Acting CFO
[email protected], +358 40 769 3483
Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our operations are focused on gold production and exploration in the Karelian Gold Line in Eastern Finland. We also own the rights to seven gold deposits in the US. We produce gold for the jewellery and electronics industries and create value by turning natural resources into wealth, and we also create value by transforming natural resources into wealth, an investment that can withstand the volatility of global politics. Our vision is to develop the Karelian gold line into one of the most important and sustainable gold-producing regions in the world. Endomines is listed on the OMX Helsinki main list (PAMPALO). www.endomines.com.