LDA partially converts its convertible loan

Endomines Finland Plc – Stock Exchange Release, 12.4.2023, at 19.00 EET
 

As announced by Endomines on 3 April 2023, the LDA used its investment option and Endomines issued convertible loans to LDA Capital Limited (LDA) for a total amount of EUR 1 000 000. LDA has informed Endomines that it wishes to convert part of this loan, EUR 200 000, into new Endomines shares. Following this share conversion, a total of EUR 800 000 of LDA's convertible loan remains outstanding. Under the terms of the convertible loan agreement between the parties, the conversion price corresponds to 85 percent of the daily volume weighted average price for the Company’s share on Nasdaq Helsinki during the 15 trading days preceding the conversion request date.

As a result of the conversion, Endomines will issue 51,047 new shares. Following the conversion, the total number of shares and votes of Endomines will increase from 9,494,773 shares and votes to 9,545,820 shares and votes. The new shares represent approximately 0.5 percent of the increased total number of shares and votes of the company after the registration of the new shares.

Endomines Finland Plc

Contact person
Mikko Sopanen, CFO
mikko.sopanen@endomines.com, +358 50 434 7439

Endomines
Endomines is a mining and exploration company with a primary focus on gold. Endomines is engaged in mining operations at the Pampalo mine in Ilomantsi, and in exploration activities along the Karelian Gold Line in Eastern Finland. Endomines also owns rights to several gold deposits in Idaho and Montana, US, where Endomines aims to continue the development work through partnership agreements. www.endomines.com

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