Is pursuing a rights-issue of15.9 MSEK to accelerate investments
(This is a translation if any difference the Swedish is the valid one.)
Delta Minerals will pursue a rights issue of about 15.9 MSEK, of which approx. 12.5 MSEK is ensured through issue guarantors and undertakings. Increased investment rate in order to respond to customers ' needs is the reason of this issue.
The Board of Delta Minerals AB (publ) has on April 11, 2016 decided, in order to respond to increased customer demand, authorized through the extraordinary general meeting on 14 October 2015 to pursue a rights issue of up to 31 796 464 B-shares.On full utilization of the rights issue, the share capital will increase by SEK 731 318.67. The issue is guaranteed to about 12.5 MSEK by a consortium, as well as through subscription commitments from the major owners-Thomas Lundgren, CEO, and Håkan Gustafsson, Chairman of the Board.
- Right to subscribe for shares of series B to with preferential rights are the company's shareholders, of which four (4), regardless of the series, are entitled to subscribe one (1) new class B share.
-The subscription price is SEK 0.50 per B share.
- The record day for the right to participate in the new issue is on 20 April 2016.
- The last day of trading of the company's shares, including the right to receive subscription rights is on 18 April 2016.
- B-shares with subscription rights during the period from April 25 to May 11, 2016, through co-payment.
- Subscription for shares without subscription rights will take place at the same time.
- Trading in subscription rights will take place on AktieTorget during the period from April 25 to May 9, 2016.
- Trade in BTA: is taking place on AktieTorget in the period from 25 April 2016 and until that issue has been registered at the Swedish Companies Registration Office.
Full terms and conditions will be published in an share issue memorandum before the subscription period begins.
The Memorandum will be available to be downloaded from www.deltaminerals.se , www.aktietorget.se as well as www.eminova.se .
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 pursue environmental projects in the Philippines with the support of regional/local authorities. The company's objective is to commence operations in estuaries of Northwestern Philippines for extraction of minerals and sand.