The Rights Issue comprises 73,091,100 shares, of which 57,422,284 shares were subscribed by shareholders using their preferential rights, corresponding to 78.6 per cent of the Rights Issue. The remaining 15,668,816 shares, corresponding to 21.4 per cent of the Rights Issue, were subscribed without preferential rights based on shares subscribed with preferential rights. In total, the Rights Issue was oversubscribed by 31.9 per cent.

The proceeds from the Rights Issue will be used to finance the next step in the ongoing feasibility study with the primary objective to complete mine planning and production planning. This part of the feasibility study is one of the most important remaining technical parts since it aims to verify the project’s financial viability. 

Advisers
Hamilton Advokatbyrå KB is legal adviser to the Company and Mangold Fondkommission AB is issuing agent to the Company in the Rights Issue.