05:31:31 Europe / Stockholm

Bifogade filer

Kurs & Likviditet

Kursutveckling och likviditet under dagen för detta pressmeddelande

Beskrivning

LandSverige
ListaFirst North Stockholm
SektorRåvaror
IndustriGruvdrift & metaller
Copperstone Resources är ett mineralprospekteringsbolag. Största delen av verksamheten utgår ifrån projekt som bedrivs inom Bergslagen. Bolagets långsiktiga strategiska vision är att skapa ett väletablerat mineralbolag genom investeringar i prospekteringsbranschen. En stor del av verksamheten bedrivs i samarbete med andra aktörer. Bolaget etablerades 2006 och har sitt huvudkontor i Stockholm.

Kalender

2020-02-20 Bokslutskommuniké 2019
2019-11-21 Kvartalsrapport 2019-Q3
2019-08-28 Kvartalsrapport 2019-Q2
2019-05-15 Ordinarie utdelning COPP B 0.00 SEK
2019-05-14 Årsstämma 2018
2019-05-14 Kvartalsrapport 2019-Q1
2019-02-21 Bokslutskommuniké 2018
2018-11-22 Kvartalsrapport 2018-Q3
2018-08-23 Kvartalsrapport 2018-Q2
2018-05-18 Ordinarie utdelning COPP B 0.00 SEK
2018-05-17 Kvartalsrapport 2018-Q1
2018-05-17 Årsstämma 2017
2018-02-22 Bokslutskommuniké 2017
2017-11-23 Kvartalsrapport 2017-Q3
2017-08-24 Kvartalsrapport 2017-Q2
2017-05-17 Ordinarie utdelning COPP B 0.00 SEK
2017-05-16 Kvartalsrapport 2017-Q1
2017-05-16 Årsstämma 2016
2017-02-19 Bokslutskommuniké 2016
2016-11-24 Kvartalsrapport 2016-Q3
2016-08-31 Kvartalsrapport 2016-Q2
2016-07-08 Extra Bolagsstämma 2016
2016-05-19 Kvartalsrapport 2016-Q1
2016-05-19 Årsstämma 2015
2016-05-08 Ordinarie utdelning COPP B 0.00 SEK
2016-02-11 Bokslutskommuniké 2015
2015-11-26 Kvartalsrapport 2015-Q3
2015-08-20 Kvartalsrapport 2015-Q2
2015-05-08 Ordinarie utdelning COPP B 0.00 SEK
2015-05-07 Årsstämma 2014
2015-05-07 Kvartalsrapport 2015-Q1
2015-02-12 Bokslutskommuniké 2014
2015-01-26 Extra Bolagsstämma 2015
2014-11-27 Kvartalsrapport 2014-Q3
2014-08-21 Kvartalsrapport 2014-Q2
2014-05-16 Ordinarie utdelning COPP B 0.00 SEK
2014-05-15 Årsstämma 2013
2014-05-15 Kvartalsrapport 2014-Q1
2014-02-13 Bokslutskommuniké 2013
2013-11-28 Kvartalsrapport 2013-Q3
2013-09-13 Extra Bolagsstämma 2013
2013-08-15 Kvartalsrapport 2013-Q2
2013-05-17 Ordinarie utdelning COPP B 0.00 SEK
2013-05-16 Årsstämma 2012
2013-05-16 Kvartalsrapport 2013-Q1
2013-02-21 Bokslutskommuniké 2012
2012-11-29 Kvartalsrapport 2012-Q3
2012-08-17 Extra Bolagsstämma 2012
2012-08-16 Kvartalsrapport 2012-Q2
2012-05-10 Årsstämma 2011
2012-05-10 Kvartalsrapport 2012-Q1
2012-02-23 Bokslutskommuniké 2011
2011-11-24 Kvartalsrapport 2011-Q3
2011-08-25 Kvartalsrapport 2011-Q2
2011-05-13 Ordinarie utdelning COPP B 0.00 SEK
2011-05-12 Årsstämma 2010
2011-05-12 Kvartalsrapport 2011-Q1
2011-02-24 Bokslutskommuniké 2010
2010-11-25 Kvartalsrapport 2010-Q3
2010-06-21 Split COPP B 100:1
2010-01-22 Ordinarie utdelning COPP B 0.00 SEK
2010-01-21 Bokslutskommuniké 2009
2010-01-21 Kvartalsrapport 2009-Q1
2019-10-09 16:15:00

Danderyd October 9, 2019

The Copperstone Board has today decided to amortize the remaining debt to Sunstone Metals Ltd of 5.2 MSEK including interest regarding the initial purchasing price for Avalon Minerals Viscaria AB. The initial purchasing price originally was 160m B-shares and 40 MSEK in cash. From today, only additional purchasing price remains, payable upon an approved environmental permit.

The amortization ahead of due date is made based on the fact that the Company’s financial position has been significantly improved since the end of the second quarter. The theoretical net debt position has decreased by approximately 50 MSEK and Copperstone today stands with sufficient cash at hand to administrate the going concern as well as the current drill program.

The most important milestones regarding the financial position since the end of the second quarter are:

Norrlandsfonden invests in a convertible debenture of 2 MSEK (5.1 MSEK by the end of the second quarter).

Sunstone, current short-term debt 0 (20 MSEK by the end of the second quarter).

Yorkville Advisors, current convertibles of 10 MSEK (16.5 MSEK by the end of the second quarter).

Bridge loan facilities and others, currently 7.5 MSEK (12.3 MSEK by the end of the second quarter).

Theoretical value on potential additional purchasing price to Sunstone regarding Viscaria (in the accounting estimated with a probability of 80% for an environmental permit) has decreased by almost 17 MSEK, based on the current share price of less than 50% of the corresponding price at Closing of Viscaria as per March 8, 2019.

Cash at hand (subsequent to the amortization of the Sunstone debt, yet prior to additional 2 MSEK funds from Norrlandsfonden) has increased from 6 MSEK to approximately 10 MSEK.

Thus, in total, Copperstone’s financial position has theoretically improved by approximately 50 MSEK since the end of the second quarter.*

* Please note: There is no guarantee that any write-down of the additional purchase price regarding Viscaria will be made in Business Review regarding the third quarter or any future quarterly report. This based on prudence concept.

For further information, please contact Michael Mattsson (CEO) at +46(0)580-88890, or info@copperstone.se or refer to Copperstone webpage: www.copperstone.se.

This press release contains insider information which Copperstone Resources AB (publ) is obliged to publish according to the EU market abuse regulation (MAR). The information was delivered by the above-mentioned contact for publishing October 9, 2019 at 16:15 CET.

About Copperstone

Copperstone is a public company trading as COPP B on Nasdaq First North Growth Market in Stockholm, Sweden. The Certified Adviser is Augment Partners AB, info@augment.se, +46 8 505 65 172. The Company is focused on base and precious metal exploration in the vicinity of the internationally recognized mining districts of Kiruna and the Skellefte-field in northern Sweden. In addition, the Company also owns an exploitation concession in the Bergslagen mining region, in central Sweden.

Attachment