Members of the Board and management, and one larger warrant holder, exercise warrants corresponding to SEK 2.3 million

Eurobattery Minerals has received indications that the following members of the Board of Directors and management are exercising Warrants for the subscription of shares in the Company:

• Henrik Johannesson – 477,000 Warrants, corresponding to SEK 190.8 thousand.
• Nazgero Consulting Services LTD (Roberto García Martínez) – 2,419,226 Warrants, corresponding to approximately SEK 967.7 thousand (through set-off).
• MJ Modén Förvaltning AB (Mattias Modén) – 259,943 Warrants, corresponding to approximately SEK 104.0 thousand.

In addition to this, Eurobattery Minerals has received indications that a larger warrant holder is exercising approximately 2,479,000 Warrants for subscription of shares in the Company, corresponding to approximately SEK 991.6 thousand.

Altogether, the abovementioned subscriptions amount to a total of approximately SEK 2.3 million, corresponding to approximately 16.9 per cent of the total number of outstanding Warrants.

“The Board and management have great confidence in our road ahead, and I am grateful that this faith is shared among other warrant holders as well. We are looking forward to continuing our work in the Finnish Hautalampi project, where we are gradually getting closer to the start of mining operations,” comments Roberto García Martínez, CEO of Eurobattery Minerals.

Advisers
Augment Partners AB acted as financial adviser and Advokatfirman Schjødt acted as legal adviser in the transaction.