LDA partially converts its convertible loan
Endomines Finland Plc – Stock Exchange Release, 2.8.2023, at 13.00 EET
LDA partially converts its convertible loan
As communicated by Endomines on April 3th, 2023, Endomines issued a convertible loan to LDA Capital Limited (LDA) for a total amount of EUR 1,000,000 based on LDA’s investor call request. LDA has notified Endomines that LDA wishes to convert part of this loan, total EUR 100,000, into new Endomines shares. After this conversion, the remaining LDA convertible loan totals EUR 400,000. 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 26,110 new shares. Following the conversion, the total number of shares and votes in Endomines will increase from 9,625,204 shares and votes to 9,651,314 shares and votes. The new shares represent approximately 0.3 percent of the increased total number of shares and votes of the company after the registration of the new shares.
Endomines Finland Plc
Contact person
Minni Lempinen, acting CFO
minni.lempinen@endomines.com, +358 40 769 3483
Endomines
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