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6 May, 2024

The subscription price for exercise of warrants series TO4 has been determined to SEK 0.40 and the exercise period begins on Tuesday 7 May 2024

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SWITZERLAND, SINGAPORE, SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL, BE SUBJECT TO LEGAL RESTRICTIONS OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES.

Stockholm, 6 May 2024 – The mining company Eurobattery Minerals AB (Nordic Growth Market: “BAT” and Börse Stuttgart: “EBM”; in short: “EBM”, “Eurobattery” or the “Company”) carried out a rights issue of units, with subscription period from 8 January to 22 January 2024, consisting of shares and warrants of series TO4 and TO5 (the “Rights issue”). Those who subscribed in the Rights issue during the subscription period thereby received for each (1) unit two (2) new shares in the Company and one (1) warrant of series TO4 (the “Warrant of series TO4”) as well as one (1) warrant of series TO5. Each (1) Warrant of series TO4 entails the right to subscribe for one (1) new share in Eurobattery during the subscription period which commences on 7 May and extends until 21 May 2024. The subscription price for subscription of new shares by exercise of Warrants of series TO4 has today been determined to SEK 0.40 per share. The issue proceeds are intended to be used to finalise the acquisition of FinnCobalt Oy as well as for continued work in the Finnish Hautalampi battery minerals mine project.

Terms for the Warrants in brief

  • Holders of Warrants of series TO4 have the right to subscribe for one (1) new share in the Company for each (1) held Warrant of series TO4 at a subscription price of SEK 0.40 per share.
  • The number of outstanding Warrants of series TO4 is 33,268,890, which upon full subscription would imply an increase of 33,268,890 shares in the Company, from 103,131,838 shares to 136,400,728 shares, and an increase in the share capital of SEK 13,307,556.00, from SEK 41,252,735.20 to SEK 54,560,291.20.
  • Upon full exercise of the Warrants, the Company will receive a maximum of approximately SEK 13.3 million before issue costs.
  • The subscription period for the Warrants of series TO4 runs from 7 May to 21 May 2024.
  • The last day of trading in Warrants of series TO4 is on 17 May 2024.
  • The outcome is expected to be published on 23 May 2024.
  • For existing investors who do not participate in the issue of shares by exercising Warrants, the dilution will be approximately 24.4 per cent upon full exercise of the outstanding Warrants of series TO4.

Other information
For investors that have their Warrants of series TO4 registered in a depository at a nominee, subscription, and payment by exercise of Warrants of series TO4 must be made in accordance with instructions from each respective nominee. Please contact your nominee for further information.

For investors that have their Warrants of series TO4 directly registered on a VP account, subscription, and payment by exercise of Warrants of series TO4 must be made according to instructions on the subscription form which is sent out by mail. The subscription form will also be available for download on the Company’s issue site, investors.eurobatteryminerals.com/en/warrants-series-to4/, Augment Partner AB’s offer site, www.augment.se/offerings/, and on Aqurat Fondkommission AB’s website, www.aqurat.se.

For more information about the Warrants of series TO4, please see the complete terms which are available for download on the Company’s issue site, investors.eurobatteryminerals.com/en/warrants-series-to4/.

Warrants of series TO5
Each one (1) warrant of series TO5 will entitle the holder to subscribe for one (1) new share during the exercise period commencing on 7 October and ending on 18 October 2024, at a price corresponding to 70 per cent of the volume-weighted average price of the Company’s share during the ten trading days between 20 September and 3 October 2024, but not less than SEK 0.40 per share and no more than SEK 0.52 per share.

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

IMPORTANT INFORMATION
Publication, release, or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Eurobattery Minerals in any jurisdiction, either from Eurobattery or from anyone else.

This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 (“Securities Act”), and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.

This press release is not a prospectus for the purposes of Regulation (EU) 2017/1129 and has not been approved by any regulatory authority in any jurisdiction. A prospectus was produced by the Company in connection with the Rights Issue in which warrants of series TO4 and series TO5 were issued. The prospectus is kept available at, inter alia, the Company's website.

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