With a first project approaching production start, we are close to realizing our aim - to discover and exploit the rich bedrock gold deposits of Lena Goldfieds in Russia
SHARE ISSUE 2018
The rights issue of Kopy Goldfields AB was subscribed to 111.2%, whereof 90.5% of the shares were subscribed by shareholders using their preferential rights.
The Board of Directors decided on October 9, 2018, with authorization from the AGM on May 29, 2018, to issue new shares with preferential rights for shareholders in Kopy Goldfields. The subscription price was SEK 1.05 per share, and the subscription period ran from and including October 22, 2018 up until and including November 7, 2018.
The Rights Issue was oversubscribed, and external underwriting commitments were never used. The number of shares in the Company increase by 23,959,815, from 79,866,054 to 103,825,869 shares and the Company receives approximately SEK 25 million before transaction costs.
Kopy Goldfields is a Swedish gold exploration company operating in the Irkutsk and Amur regions of Russia, which are two of the most gold rich areas in the world. The Company currently holds 14 licenses, grouped into three projects, which entitles to exploration and production of gold.
Kopy Goldfield’s strategy is to create value by identifying and acquiring high potential gold projects, prospect and explore them until they reach the stage of being ready to be sold for cash or further developed in cooperation with a partner.