Endomines Finland Plc – Stock Exchange Release – 14.11.2023, at 16.30 EET
Notification of a convertible loan conversion into shares
In connection with the convertible loan of EUR 287,500, agreed with the current shareholder group announced on 10 November 2023, Endomines has received a notification to convert EUR 197,500 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 67,623 new shares. After the conversion of the convertible loan, the total number of shares and votes in Endomines will increase from 9,727,716 shares and votes to 9,795,339 shares and votes.
The new shares represent approximately 0.7 % of the increased total number of shares and votes in the company after the registration of the new shares.
After this share conversion, the convertible loan announced on 10 November 2023, has been fully converted into shares.
Endomines Finland Plc
Further information
Minni Lempinen, Acting CFO
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 United States. We produce gold for the jewellery and electronics industries and create value by turning natural resources into wealth; an investment that can withstand global political instability. 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 (PAMPALO). www.endomines.com.