IN FOCUS

22 Sep 2016

Preferential share issue to bring the Krasny project towards production

Preferential share issue to bring the Krasny project towards production

The Krasny project has mineral resources amounting to 1 Moz according to JORC, with a further potential. Feasibility studies have been initiated and the decision to start production is expected during the first quarter 2017.

The share issue in brief

  • Subscription period Sept 26 – Oct 10, 2016.
  • Trading in subscription rights Sept 26 – Oct 6, 2016.
  • Subscription price 1 SEK per share.
  • Shareholders registered owning shares in Kopy Goldfields have the preferential right to subscribe for one (1) new share for three (3) existing shares owned on record date.
  • The rights issue is would bring approximately 20 MSEK to Kopy Goldfields. A maximum of 19,966,514 new shares will be issued.
  • The share issue is 80 per cent underwritten through subscription undertakings from shareholders and issue guarantees

Read more and see subscription details

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