COPPERSTONE RESOURCES AB Copperstone Resources AB announced a private placement of convertible debenture loan for gross proceeds of SEK 5,600,000 with returning investor Norrlandsfonden on February 10, 2023. The debenture matures in 5 years on December 31, 2028. The debenture is at STIBOR 90 + 5% annual interest with quarterly interest payments.
The debenture is convertible into 3,487,204 shares, corresponding to a dilution of 0.2%. The conversion prices shall be SEK 1.61 per share and SEK 1.15 per share, respectively, corresponding to a 40 percent premium from the two major equity issues (at SEK 1.61 per share and SEK 1.15 per share, respectively). The investor is entitled to convert parts of or the entire amount.
