STM sunstone metals ltd
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News: STM Copperstone Announces Rights Issue Of About SEK 24 Mln Commitments And Guarantees 70%

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    07/06/19
    05:40
    Post #: 38951101

    June 6 (Reuters) - Copperstone Resources AB (publ) COPPb.ST :

    • COPPERSTONE ANNOUNCES RIGHTS ISSUE OF APPROX. MSEK 24; COMMITMENTS AND GUARANTEES 70%
    • BOARD DECIDED TO ISSUE NEW SHARES WITH PREFERENTIAL RIGHTS FOR SHAREHOLDERS IN CO OF ABOUT SEK 24 MILLION BEFORE TRANSACTION COSTS
    • 75% OF PROCEEDS,MAX MSEK 15,TO BE USED FOR RE-PAYMENT OF REMAINING UPFRONT CASH PAYMENT TO SUNSTONE METALS FROM ACQUISITION OF VISCARIA
    • UNDER RIGHTS ISSUE, TOTAL OF ABOUT 52.3 MILLION NEW SHARES WILL BE ISSUED; SUBSCRIPTION PRICE IS SEK 0,46 PER SHARE
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