Northgold announces the outcome of the exercise of warrants of series TO2
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Råvaror |
| Industri | Gruvdrift & metaller |
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, BELARUS, CANADA, NEW ZEALAND, HONG KONG, JAPAN, RUSSIA, 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.
Northgold AB (“Northgold” or the “Company”) today announces the outcome of the exercise of warrants of series TO2, which were issued in connection with the rights issue of units carried out by the Company in September 2024. In total, 5,070 warrants of series TO2 were exercised for subscription of 5,070 shares, corresponding to an exercise rate of 0.10 per cent. The Company thereby receives proceeds of approximately SEK 6,084 before issue costs.
Through the rights issue, 5,070,192 warrants of series TO2 were issued. Each warrant of series TO2 entitled the holder to subscribe for one (1) new share in Northgold at a price of SEK 1.20 per share during the period from 1 April 2025 to 14 April 2025. In total, 5,070 warrants of series TO2 were exercised for subscription of 5,070 shares, corresponding to an exercise rate of 0.10 per cent. The Company thereby receives gross proceeds of approximately SEK 6,084 before issue costs.
Shares and share capital
The number of shares will increase by 5,070 shares, from 22,815,862 to 22,820,932. The share capital will increase by SEK 357.041254 from SEK 1,606,746.345960 to SEK 1,607,103.387214, which implies a dilution of approximately 0.02 per cent.
For further information, please contact:
Seppo Tuovinen, CEO, +358 504 109 625
Email: ir@northgoldab.com
About Northgold
Northgold is a Swedish-listed gold exploration and development Company focused on advancing multiple, co-located, resource-stage projects in the Middle Ostrobothnia Gold Belt (MOGB) of Central Finland, including the Kopsa Gold-Copper project, the Kiimala Trend Gold project, and the Hirsikangas Gold project. The Company strives to grow its gold mineral resources, make new gold discoveries, and ultimately extract gold from these under-explored areas in Central Finland.www.northgoldab.com. Augment Partners AB, tel. +46 8-604 22 55 info@augment.se, is acting as the Company's Certified Adviser.
Important information
Publication or distribution of this press release may in some jurisdictions be subject to statutory and legal restrictions and persons in those jurisdictions where this press release has been published or distributed should inform themselves about and observe such restrictions. The information in this press release does not constitute an offer to acquire, subscribe or otherwise trade in shares or other securities in Northgold.
This press release does not constitute an offer to acquire securities in the United States. The securities mentioned herein may not be sold in the United States without registration in accordance with The Securities Act of 1933 or without the application of an exception to such registration. The information in this press release may not be released, published, reproduced or distributed in or to the United States, Australia, Belarus, Canada, New Zealand, Hong Kong, Japan, Russia, Switzerland, Singapore, South Africa, or any other country or jurisdiction where such action is not permitted or such action is subject to legal restrictions or would require further registration or other measures than required by Swedish law. Measures contrary to this instruction may constitute a breach of applicable securities laws.