Annual report 2017 (in swedish) available on the website

Copperstone Resources AB ("Copperstone" or "the Company") has today published its Annual Report 2017 on the website. The Annual Report 2017 is available in Swedish on Copperstone website www.copperstone.se. The financial year covers the period January 1 to December 31, 2017. In conjunction to the Annual Report, the three technical reports 2017 can be downloaded, as well as the Board's statement with regard to the proposed dividend of the Company's shareholdings in Nordic Iron Ore AB shares.

For further information, please contact Chris McKnight (CEO) at +46(0)580-88890, 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 16th April 2018 at 09:00 CET.

About Copperstone

Copperstone is a public company trading as COPP B on NASDAQ First North (Stockholm). The Certified Adviser is Augment Partners AB. The Company is focused on base and precious metal exploration in the vicinity of the internationally recognized mining region of the Skellefte-field in northern Sweden. The Copperstone project is situated on four contiguous exploration permits in Norrbotten County (Sandberget 100 (8074ha), Sandberget 200 (19ha), Sandberget 300 (19ha) and Svartliden 1001 (444ha). In addition the Company owns one exploitation concession within the same area, namely Svartliden K no. 1 (36ha) and an approved application for Eva k no. 1 (34ha) subject to an objection. The Company also owns the Tvistbogruvan K no. 1 (11ha) exploitation concession and the Såggården no. 1 (199ha) exploration permit in the Bergslagen mining region of central Sweden. Quoted surface areas are approximate to the nearest hectare. All exploration permits and exploitation concessions are 100% owned, either directly or through a subsidiary.

ACQUISITION OF VISCARIA COMPLETED - SUNSTONE METALS LARGEST OWNER

Copperstone Resources AB's ("Copperstone") acquisition of Avalon Minerals Viscaria AB ("Viscaria") was completed today. Viscaria is from now on a wholly-owned subsidiary of Copperstone. Copperstone's copper mineral resources increases by 480%. Copperstone plans to apply for work permits at the County Administration Board, recruit a technical team and plan core drillings at the Viscaria site outside Kiruna alongside with increased environmental base line studies.


CLOSING OF VISCARIA EXPECTED TO TAKE PLACE MARCH 8, 2019

Copperstone Resources AB ("Copperstone") is pleased to announce that the Closing of the Viscaria acquisition is likely to occur late afternoon March 8, 2019.


UPDATE ON PERMITS

Copperstone has been informed that an appeal against Sandberget 500 exploration permit has been filed at the Mining Inspectorate on March 1, 2019. If the appeal is considered legitimate, the case will be handed over to the Administrative Court (Sw: Förvaltningsdomstolen) which will decide on the appeal. All permits regarding the Copperstone project are valid up and until 2022.


VISCARIA ACQUISITION WILL CLOSE AS FINANCING CONCLUDED

Copperstone has signed an agreement with Yorkville Advisors Global, LP ("Yorkville") for financing of up to 100 MSEK through a convertible debt facility. The Viscaria transaction will be closed with the first tranche of the convertible debt facility of 22.5 MSEK after an amendment to the Share Sale and Purchase Agreement (the "SPA") with Sunstone Metals. The transaction will result in a five-fold increase in copper resources and will make Sunstone the largest shareholder of New Copperstone.


INTERIM QUARTERLY REPORT (Q418) OCTOBER 1st 2018 TO DECEMBER 31st 2018

INTERIM QUARTERLY REPORT (Q418) OCTOBER 1st 2018 TO DECEMBER 31st 2018

Financial results for the Group for October 1st to December 31st 2018:

  • Result of the period amounted to -5,048 (-1,958) KSEK.
  • Earnings after tax per share were -0.02 (-0.01) SEK.
  • The cash flow during the period was -952 (23,951) KSEK.
  • The shares in NIO have been revalued at market price resulting in a write-off of 3.9 MSEK

Financial results for the Group for Year to date as of December 31st 2018:

  • Result of the period amounted to -459 (-7,984) KSEK.
  • Result of the period per share was 0.00 (-0.04) SEK.
  • The difference 2018 to 2017 is mainly due to the netting of a receivable in NIO for shares and a convertible. The receivable was acquired by Copperstone at a discount to nominal value in 2016, generating a profit of 8.2 MSEK at its finalization before the listing of NIO at Nasdaq First North.
  • The shares in NIO have been revalued at market price resulting in a write-off of 3.9 MSEK
  • The closing balance of cumulative capitalized expenditure for exploration amounted to 59,212 (39,151) KSEK.
  • Total assets at the end of the period was 74,681 (78,642) KSEK.
  • The cash flow during the period was -26,901 (25,557) KSEK.
  • The liquidity at the end of the period was 1,385 (28,286) KSEK.

STRENGTHENING OF THE PERMISSION PORTFOLIO

Copperstone today was awarded additional exploration permits from the Mining Inspector, regarding more than 8,000 ha in Arvidsjaur municipality.


VISCARIA UPDATE REGARDING FINANCING AND EXPECTED CLOSING

Copperstone Resources AB ("Copperstone" or "the Company") is pleased to announce that the Company has signed a 5-year 25 MSEK credit facility. In addition a non-binding term sheet regarding a convertible debt facility of 100 MSEK has been signed with a US-based fund. Upon the convertible debt facility becoming binding and the first tranche of 22.5 MSEK has been paid out, closing of the Viscaria acquisition is anticipated to occur shortly thereafter. In total, up to 125 MSEK will thereby be secured to finance the further development of New Copperstone including Viscaria.


CHANGE OF MANAGEMENT

The Board of Copperstone ("Copperstone" or "the Company") announces that Michael Mattsson takes over as CEO of Copperstone, as Chris McKnight steps down. As the company is growing, Copperstone will separate the roles of CEO and Exploration Manager. Ann Zetterberg Littorin will take over as Chairman of the Board, effective immediately.


COPPERSTONE CONFIRMS LARGE SCALE EXPLORATION TARGET POTENTIAL OF 150-210 MILLION TONNES AT 0.25-0.45% COPPER AT GRANLIDEN AND PROVIDES AN UPDATED MINERAL RESOURCE INVENTORY FOR THE PROPERTY

Copperstone Resources AB ("Copperstone" or "the Company") is pleased to announce that an Exploration Target potential of 150-210 million tonnes at a grade of 0.25-0.45% copper has been estimated by Micon International Co LTD (UK) ("Micon") for the Granliden area of the project. This potential is in line with recent guidance and is based on an independent analysis of exploration drilling results predominantly from the drill campaign carried out by the Company in 2018.


KOMMUNIKÉ FRÅN EXTRA BOLAGSSTÄMMA I COPPERSTONE RESOURCES AB (PUBL)

Idag den 27 november 2018 hölls extra bolagsstämma i Copperstone Resources AB (publ) ("Bolaget") i Hamilton Advokatbyrås lokaler på Hamngatan 27 i Stockholm. Nedan följer en sammanfattning av de beslut som fattades.


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