Liquidity Providing for Endomines AB (publ) share at Nasdaq Helsinki
Endomines AB (Publ) and Erik Penser Bankaktiebolag have signed a market making agreement that meets the requirements of NASDAQ Helsinki Ltd’s Liquidity Providing (LP) operations.
According to the agreement Erik Penser Bankaktiebolag will quote bids and offers for Endomines AB shares traded at NASDAQ Helsinki so that the spread of the bid and offer prices is a maximum of 4 percent calculated on the bid price. The bids and offers quoted by the liquidity provider must be for an amount of shares corresponding to 4,000 euros.
Erik Penser Bankaktiebolag shall quote bids and offers for Endomines AB share in the trading system of NASDAQ Helsinki on each trading day for at least 85 percent of the Continuous Trading period and in the auction procedures applicable to the share.
Market making in accordance with the LP agreement will commence on 14 January, 2015. The agreement will be in force initially for a fixed term of 6 months and thereafter under further notice, and agreement's period of notice is one month.
For further information, please contact:
CEO of Endomines AB
tel. +358 40 706 48 50
Or visit the Company´s home page: www.endomines.com
Endomines AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication at 13:00 CET on January 12, 2015.
Endomines conducts exploration and mining business along the 40 kilometer long Karelian Gold Line. Through various regulatory approvals, Endomines controls the exploration rights to this entire area.
The Company’s first mine, Pampalo, started in February 2011. During 2014 Endomines initiated the production of ore from the mine in Rämepuro and is now planning to start mining of the gold deposit in Hosko. The ore from Hosko will, as for the ore from Rämepuro, be processed in the Gold Line’s centrally located mill at Pampalo.
The Company’s business practices and mining operations are based on sustainable principles and on minimizing the impact on the environment.
Endomines applies SveMin's & FinnMin's respective rules for reporting for public mining & exploration companies. The Company has chosen to report mineral resources and ore reserves according to the JORC-code, which is the internationally accepted Australasian code for reporting ore reserves and mineral resources.
Endomines vision is to participate in the future structural transformation and consolidation of the Nordic mining industry. The Company may therefore be involved in acquisitions of interesting deposits or companies, should such opportunities arise.
The shares of Endomines AB are quoted on NASDAQ Stockholm under ticker ENDO and on NASDAQ Helsinki under ticker ENDOM. Pareto Securities acts as Liquidity Provider in Stockholm.