GEXCO WARRANTS ADMITTED TO TRADING ON THE NGM EQUITY (NGM: GEXCO TO2)
Gexco AB (publ) has recently successfully completed a rights issue of shares and a share issue in connection with the acquisition of Silver Resources Oy. In connection with these issues a total of 31.5 million warrants were issued. The first trading day for these warrants is June 3, 2010
Trading in these newly issued warrants will take place on NGM Equity from 3 June 2010 to 28 March 2011.
The total number of outstanding warrants are 31 500 000. Each warrant entitles the owner to subscribe for one new share in the Company during the period 1-31 March 2011 at a subscription price of 0.43 SEK per share
Assuming all warrants are exercised Gexco will receive new funds of about 13.5 million SEK before expenses. The total number of shares outstanding will increase by 31 500 000 from 208 301 985 to 239 801 985 if all warrants are exercised. The company's share capital will increase from 83 320 794 SEK to 95 920 794 SEK with a quota value of SEK 0.40 per share
Ticker symbol for warrants is GXCO TO2
ISIN-code for Gexco-warrants is SE0003299718.
The complete terms are to be found in the Prospectus 2010 which are available at www.gexco.se or can be ordered from the company.
Stockholm 1st June 2010
Timo Lindborg, CEO
Gexco AB (publ)
About Gexco AB
Gexco AB (Gexco)'s business concept is to exploit mineral deposits in the Nordic countries with regard to human society and environment. Gexco owns through its wholly-owned subsidiaries a silver deposit in Taivaljärvi in Finland and a gold deposit in Hopeavuori in Tampere region in Finland. Gexco also have mineral deposits containing gold in Bindal and in the Narvik area copper, lead, zinc, gold plus silver in Mo i Rana in Norway.
Gexco applies SveMin's & FinnMin's respective rules for reporting (public mining & exploration companies). Gexco has chosen to report mineral resources and ore reserves according to the internationally accepted JORC or NI 43-101-code. Gexco applies International Financial Reporting Standards (IFRS) as approved by the European Union.
The shares of Gexco AB are quoted NGM Equity in Stockholm under ticker symbol GXCO,
ISIN-code for Gexco-shares is SE0001057910.
ISIN-code for Gexco-warrants is SE0003299718.
Read more about Gexco on www.gexco.se
For further information: Timo Lindborg, CEO, Gexco AB, tel. +358 40 508 3 507