INCENTIVE PROGRAM FULLY SUBSCRIBED
On May 17th 2018, the Annual General Meeting of Copperstone Resources AB (below "Copperstone" or "the Company") resolved upon an incentive program for a maximum number of warrants corresponding to 2,000,000 B-shares . The program/warrants has now been fully subscribed. The warrants have three years to maturity and the exercise price is 3.13 SEK per share of Series B. The maximum dilution amounts to 0.82% of the number of shares and votes in Copperstone.
The subscribed warrants, which will be distributed from the subsidiary Argo AB, were allocated as follows:
Chris McKnight 1,050,000, Michael Mattsson 375,000, Niclas Löwgren 325,000, Ann Zetterberg 150,000, and Petter Tiger 100,000.
The Company will receive 6,260,000 SEK if the warrants are exercised by Friday 21st May, 2021. Copperstone will initially receive SEK 70,000 from the subscribers (as a market value premium paid for the warrants), or approx. SEK 20,000 net after legal and financial costs.
"We are grateful towards the shareholders acknowledging our hard work and providing key persons an extra reward, motivation and incentive for the exciting years ahead" comments Copperstone Chairman Michael Mattsson.
Danderyd 22nd May 2018
The information was delivered by the above mentioned contact for publishing 22nd May 2018 at 1430 CET.
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.
Copperstone Resources AB ("Copperstone" or "the Company") is pleased to announce the Interim Quarterly Report (Q318) for the Company. A brief summary of the report follows:
Financial results for the Group for July 1st to September 30th 2018:
- Result before taxes amounted to -955 (-962) KSEK.
- Earnings after tax per share were 0.0 (-0.0) SEK.
- The cash flow during the period was -5,428 (351) KSEK.
Financial results for the Group for Year to date as of September 30th 2018:
- Result before taxes amounted to 4,589 (-6,026) KSEK.
- Earnings after tax per share were 0.02 (-0.03) SEK.
- The profit for 2018 is due to the netting of 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 closing balance of cumulative capitalized expenditure for exploration amounted to 56,483 (35,694) KSEK.
- Total assets at the end of the period was 77,387 (50,760) KSEK.
- The cash flow during the period was -25,949 (1,606) KSEK.
- The liquidity at the end of the period was 2,337 (4,335) KSEK.
KALLELSE TILL EXTRA BOLAGSSTÄMMA I COPPERSTONE RESOURCES AB (PUBL)
Copperstone Resources AB ("Copperstone" or "the Company") announces that Stiftelsen Norrlandsfonden ("Norrlandsfonden") will convert 1.5 MSEK of the September 2015 tranche, into 6,250,000 B-shares in Copperstone at a conversion price of 0.24 SEK. The transaction will result in a strengthening of the financial net and balance sheet of Copperstone. The share capital of Copperstone will increase by 625,000 SEK to 24,860,376.10 SEK. The number of outstanding shares will increase to 248,603,761, corresponding to a dilution of 2.51% (of the total 5.92% indirect ownership in Copperstone that Norrlandsfonden currently holds).
The Board of Copperstone Resources AB ("Copperstone" or "the Company") is pleased to announce that it has entered into a Share Sale and Purchase Agreement ("SPA") with Sunstone Metals Ltd Australia ("Sunstone") regarding the acquisition of 100% of Avalon Minerals Viscaria AB ("Viscaria"), substantially in accordance with the Letter Of Intent signed and announced between the parties 8th August 2018.
Copperstone Resources AB ("Copperstone" or "the Company") is pleased to inform that the Swedish Government today has informed the Company about a decision to reject the objection to award the Company exploitation concession Eva k no. 1.
Copperstone Resources AB ("Copperstone" or "the Company") is building a model to define a large-scale copper resource at Granliden/Svartliden. The model also opens up significant blue-sky potential. An Inferred Resource is to be established by the end of October 2018.
COPPERSTONE RESOURCES AB: DRILLHOLE COS18364 RETURNS 103m WITH 0.42% COPPER MINERALISATION EAST OF GRANLIDEN HILL
Copperstone Resources AB ("Copperstone" or "the Company") is pleased to announce significant copper assay results from drillhole COS18364 in the Granliden Hill area.
Copperstone Resources AB ("Copperstone" or "the Company") is pleased to announce the Interim Quarterly Report (Q218) for the Company. A brief summary of the report follows:
DRILLING CAMPAIGN ACCOMPLISHED AND CAUSATIVE PORPHYRY STOCK LOCATED CENTRAL TO WIDESPREAD COPPER MINERALISATION
Copperstone Resources AB ("Copperstone" or "the Company") is pleased to announce that the planned exploration drilling campaign at Granliden is complete on time and budget. A total of 10 deep NQ drill holes (7,616m) were accomplished over a period of 7.5 months, representing approximately 95% of the planned 8,000m. A second campaign of NSAMT has also been completed this summer.
Today, Copperstone Resources AB ("Copperstone") to the Swedish Government has filed follow-up information regarding an objection to award exploitation concession Eva k no. 1. In Copperstone's view, the Mining Inspector's decision to award the exploitation concession is expected to be the most likely and final outcome.
Copperstone Resources AB
Marknadsplats: First North
Interim Report Q3 2018
2018-11-22 Delårsrapport Q3 2018