Endomines — Share Issue/Capital Change 2023

Sep 11, 2023

LDA partially converts its convertible loan

LDA partially converts its convertible loan

Endomines Finland Plc – Stock Exchange Release, 11.9.2023, at 11.00 EET

LDA partially converts its convertible loan

Following on information disclosed on April 3rd, 2023 in connection with the convertible loan arrangement with the 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, total EUR 50,000, into new Endomines shares. Under the terms of the convertible loan agreement between the parties, the conversion price corresponds to 85 percent of the daily volume weighted average price for the Company’s share on Nasdaq Helsinki during the 15 trading days the date of the conversion demand.

As a result of the conversion, Endomines will issue 14,977 new shares. Following the conversion, the total number of shares and votes in Endomines will increase from 9,651,314 shares and votes to 9,666,291 shares and votes. The new shares represent approximately 0.2 percent 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 350,000.

Endomines Finland Plc

Contact person

Minni Lempinen, acting CFO

minni.lempinen@endomines.com, +358 40 769 3483

Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our mining operations in Pampalo, Ilomantsi region, focus on gold mining and processing, as well as 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 we also create value by transforming natural resources into wealth, an investment that withstands the volatility of global politics. We are a growing mining company who embrace new ways of thinking; we want to leave a positive footprint where we operate, which is why our goal is to grow the Karelian gold line into a significant, sustainable gold-producing region. Endomines is listed on the main list of OMX Helsinki (PAMPALO). More information at www.endomines.com