Endomines’ bank debt rearrangement and repayment executed
Endomines has today executed transactions relating to the rearrangement and repayment of its bank debt. As announced on 22 November 2017, the Company had reached an agreement with its lenders such that 2 MEUR (20 MSEK) of the currently outstanding debt of 7.6 MEUR (76 MSEK) will be written off, provided the Company makes a prepayment of 2 MEUR (20 MSEK) after the Rights Issue has been completed and Joensuun Kauppa ja Kone Oy (“JKK”) in connection therewith takes over the remaining debt, 3.6 MEUR (36 MSEK), from the lenders. These transactions have now been completed and, as a result,