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