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Delta Minerals AB (publ) pursues a rights issue of 3.2 MSEK with a possible over-subscription of 2 MSEK

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Delta Minerals pursues a fully underwritten rights issue of 3.2 MSEK with an option for the Board to decide on an over-subscription of 2 MSEK.

(This is a translation of the Swedish press release of 2015-11-06)

The Board of Delta Minerals AB (publ) has on November 5, 2015 to further develop the company, authorized by the extraordinary general meeting on 14 October 2015, decided to pursue a rights issue of up to 24 844 720 B-shares. In this case if the issue is oversubscribed, the Board can decide on an oversubscription of up to 15 384 615 B-shares. On full exercise of the rights issue the share capital will increase by 571 428,56 SEK and if the over-subscription is used, the share capital will increase by a further 353 846,145 SEK. The rights issue is fully underwritten by Capensor Capital through issue guarantors and undertakings from the major owners; Thomas Lundgren and Hakan Gustafsson, who will sign correspondingly to their shares.

  •          Right to subscribe for shares of series B to with preferential rights vest in the company's shareholders, with seven (7) shares held on the record date November 16 2015, regardless of the series, entitling to subscription of two (2) new class B shares.
  •         Subscription price is 0.13 SEK per B share.
  •          The record day for the right to participate in the new issue is on 16 November 2015.
  •          The last day of trading in the company's stock, including the right to receive subscription rights is 12 November 2015.
  •         Signing B-shares with subscription rights during the period from 19 November 2015 until 9 December 2015, through simultaneous payment.
  •        Subscription for shares without subscription rights will take place at the same time.
  •         Trading in subscription rights will take place at AktieTorget during the period from 19 November 2015 until 7 December 2015.
  •        Trade in BTA: is taking place on AktieTorget in the period from 19 November 2015 and until that issue has been registered at the Swedish companies registration office.

Full terms and conditions will be published in an offering memorandum before the subscription period begins. The Memorandum will be available to be downloaded from www.delta.se , www.aktietorget.se as well as www.eminova.se.

The company releases quarterly report for the third quarter on Tuesday 17 November 2015.

For more information, the company recommends the updated video presentation available on the company's website or https://youtu.be/xz4tNdogNz4

For further information, please contact
Hakan Gustafsson, Chairman of the Board, hakan.gustafsson@deltaminerals.se, mobile + 46-70 268 00 35.
Thomas Lundgren, CEO, thomas.lundgren@deltaminerals.se, mobile + 46-70 397 25 24.

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Facts about the company
Delta Minerals AB is a Swedish public company listed on the stock market with the right to carry out environmental projects in the Philippines with the support of regional/local authorities. The company's goal is to begin operations in estuaries of Northwestern Philippines for the extraction of minerals and sand.

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