Correction: Endomines Finland Oyj has agreed on convertible loans in connection with the financing package announced on January 13, 2025
Endomines Finland Plc – Stock Exchange Release – 22.1.2025, at 21.15 EET
Correction: Endomines Finland Oyj has agreed on convertible loans in connection with the financing package announced on January 13, 2025
Endomines Finland Plc republishes the stock exchange release published on January 22, 2025 at 17:00. The release published at 17:00 incorrectly stated the amount of convertible loans as EUR 2.1 million, whereas the correct amount is EUR 2.3 million. The corrected release, where this incorrect information has been corrected, is in its entirety below. No other changes have been made to the release.
Endomines Finland Oyj has agreed on convertible loans in connection with the financing package announced on January 13, 2025
Endomines has agreed with the company's largest owners on a EUR 2.3 million convertible loan. The loan is intended to be used for preparatory work related to the new strategy, as well as for general business needs. The maturity of the convertible loan is 24 months, and the annual interest rate is 10 percent. In accordance with the financing agreement, the convertible loan can be fully or partially exchanged for company shares no earlier than 12 months after the loan drawdown date. The exchange price is fixed EUR 7.51 and is based on the average closing share price in December 2024 minus 5.5%.
Contact information:
Minni Lempinen
CFO
Endomines Finland Plc
minni.lempinen@endomines.com
+358 40 769 3483
Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our operations are focused on gold production and exploration in the Karelian Gold Line in Eastern Finland. We also own the rights to seven gold deposits in the US. We produce gold for the jewellery and electronics industries and create value by turning natural resources into wealth, and we also create value by transforming natural resources into wealth, an investment that can withstand the volatility of global politics. Our vision is to develop the Karelian gold line into one of the most important and sustainable gold-producing regions in the world. Endomines is listed on the OMX Helsinki main list (PAMPALO). www.endomines.com.