Endomines — Share Issue/Capital Change 2023

Oct 17, 2023

LDA partially converts its convertible loan

LDA partially converts its convertible loan

Endomines Finland Plc – Stock Exchange Release, 17.10.2023, at 13.00 EET

LDA partially converts its convertible loan

Following on information disclosed on April 3rd, 2023, in connection with the convertible loan arrangement with LDA Capital Limited (LDA), Endomines issued a convertible loan to LDA for a total amount of EUR 1,000,000 based on LDA’s investor call request. LDA has notified Endomines that it wishes to convert part of this loan, a total of EUR 50,000, into new Endomines shares.

Under the terms of the convertible loan agreement between the parties, the conversion price corresponds to 85 per cent of the daily volume weighted average price for the Company’s share on Nasdaq Helsinki during the 15 trading days of the date of the conversion demand.

As a result of the conversion, Endomines will issue 15,822 new shares. Following the conversion, the total number of shares and votes in Endomines will increase from 9,681,102 shares and votes to 9,696,924 shares and votes. The new shares represent approximately 0.2 per cent of the increased total number of shares and votes of the company after the registration of the new shares.

After this conversion, the remaining LDA convertible loan totals EUR 250,000.

Endomines Finland Plc

Further information

Minni Lempinen, acting CFO, Endomines Finland Plc

minni.lempinen@endomines.com, +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.