Kopy Goldfields - Rights Issue of 25,2 MSEK oversubscribed

The share issue with preferential rights for shareholders ("The Rights Issue") of Kopy Goldfields AB (publ) ("Kopy Goldfields" or "the Company") has been subscribed to approximately 110 %, whereof approximately 88 % of the shares were subscribed by shareholders using their preferential rights. The Rights Issue will bring approximately SEK 25,2 million, before transaction costs, to the Company. Final result of the Rights Issue will be announced early next week (i.e. week of November 12, 2018).

This press release may not be released, published or distributed, directly or indirectly, in or into the United States, Canada, Japan, Hong Kong, Singapore, Australia, New Zealand and South Africa, or any other jurisdiction where such action is wholly or partially subject to legal restrictions. The information in this press release does not constitute an offer to acquire, subscribe for or otherwise trade in shares, subscription rights or other securities in Kopy Goldfields AB (publ). For further information, please refer to "Important Information" in this press release.

With these results, the Rights Issue is fully subscribed, and external underwriting commitments will not be used. The Company will receive approximately SEK 25,2 million before transaction costs.

Notification regarding allotment of shares for subscription without preferential rights will be made by submitting the allotment decision in the form of a contract note. Contract notes is planned to be sent out next week (starting Tuesday, November 13, 2018) with payment date on or around November 16, 2018; or in accordance with the instructions provided on the contract note. Those who have not been allotted shares will not be notified.

The Board of Directors decided on October 9, 2018, with authorization from the AGM on May 29, 2018, to issue new shares with preferential rights for shareholders in Kopy Goldfields. The subscription price was SEK 1.05 per share, and the subscription period ran from and including October 22, up until and including November 7, 2018.

The Paid Subscribed Shares ("BTA") will be traded on Nasdaq First North until the Rights Issue has been registered by the Swedish Companies Registration Office, and will then be converted into new shares.

"I am very proud and happy about the trust and big interest shown by our shareholders in connection with the Rights Issue. The proceeds will be used for financing our part of the capital contribution of the sales activities of the Krasny-project, which are to be paid in November 2018, and it means that we can maintain our 49% stake in the joint venture.", says Mikhail Damrin, CEO of Kopy Goldfields.

Financial advisor and Issuing Agent
Stockholm Corporate Finance AB is acting as financial advisor in the Rights Issue. Hagberg & Aneborn Fondkommission AB is acting as Issuing Agent in the Rights Issue.

This is a translation of the Swedish version. In case of any discrepancy between the English and the Swedish version, the Swedish version shall take precedence.

Stockholm, November 9, 2018

For further information, please contact
Mikhail Damrin, VD, +7 916 808 12 17, mikhail.damrin@kopygoldfields.com
Tim Carlsson, CFO, + 46 702 31 87 01, tim.carlsson@kopygoldfields.com
Otto Rydbeck, CEO Stockholm Corporate Finance, +46 708 78 48 70, otto.rydbeck@stockholmcorp.se 

This information is information that Kopy Goldfields is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 8.30 am CET on November 9, 2018.

About Kopy Goldfields AB
Kopy Goldfields AB (publ), listed at NASDAQ First North in Stockholm, is a Swedish gold exploration company operating in the Irkutsk and Amur regions of Russia, which are two of the most gold rich areas in the world. The Company currently holds 14 licenses, grouped into three projects, which entitles to exploration and production of gold. Kopy Goldfield's strategy is to create value by identifying and acquiring high potential gold projects, prospect and explore them until they reach the stage of being ready to be sold for cash or further developed in cooperation with a partner.

Kopy Goldfields AB applies International Financial Reporting Standards (IFRS), as approved by the European Union. Hagberg & Aneborn Fondkommission acts as Certified Adviser, contact number: +46 8 408 933 50.

The Share
Ticker: KOPY
Outstanding shares: 79,866,054

About Stockholm Corporate Finance AB
Stockholm Corporate Finance is a Swedish, independent and privately owned financial advisor offering qualified transaction based advisory services by acting in capital raisings, changes in ownership, acquisition, merger and acquisitions (M&A) in listed and privately held companies. Stockholm Corporate Finance is the exclusive Swedish partner in the global network of M&A Worldwide consisting of 51 M&A advisors and investment banks in 45 countries. Stockholm Corporate Finance is an investment firm which is supervised by the FSA and is a member of the trade organization SwedSec Licensing AB. www.stockholmcorp.se.

The information in this press release does not constitute an offer to acquire, subscribe for or otherwise trade in shares, subscription rights or other securities in Kopy Goldfields AB (publ).


INSIDERINFORMATION: Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Bolaget") har som mål att producera 56 koz till 59 koz guldekvivalenter (GE[1]) under 2021, en ökning med 5-11 % jämfört med 53,1 koz GE som producerades 2020. Bolaget planerar investeringar på cirka 56 miljoner USD under 2021 i projekt för produktionstillväxt och prospektering. Utgifterna kommer att finansieras genom befintliga lånefaciliteter och förväntat kassaflöde från produktionen.


INSIDE INFORMATION: Kopy Goldfields AB's (publ) ("Kopy Goldfields" or "the Company") target is to produce 56 koz to 59 koz of gold equivalent (GE[1]) in 2021, an increase of 5-11% compared to 53.1 koz of GE produced in 2020. The Company plans capital expenditures of around USD 56 million in 2021 on production growth and exploration projects. The expenditures will be funded through existing available debt facilities and expected cash flow from production.


Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Bolaget") publicerar härmed en operationell uppdatering för fjärde kvartalet och för helåret 2020. I enlighet med tidigare lämnat estimat har Bolaget ökat sin guldproduktion trots COVID-19-pandemin.


Kopy Goldfields AB (publ) ("Kopy Goldfields" or "the Company") hereby announces an operational update for the fourth quarter and the full year 2020. In line with its guidance, the Company has increased its annual gold production despite the COVID-19 pandemic.

Kopy Goldfields informerar om finansiell kalender för 2021

Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Bolaget") informerar om sin finansiella kalender för 2021. Från och med första kvartalet 2021 övergår Kopy Goldfields från halvårsrapportering till kvartalsrapportering.

Kopy Goldfields informs about its financial calendar for 2021

Kopy Goldfields AB (publ) ("Kopy Goldfields" or the "Company") informs about its financial calendar for 2021. Starting with the first quarter 2021, Kopy Goldfields will change from half-yearly reporting to quarterly reporting.

Förändring av antal aktier i Kopy Goldfields AB (publ)

Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Bolaget") tillkännager att 3 058 600 nya aktier har tecknats till ett värde av 5 413 722 kronor inom ramen för utgivna teckningsoptioner under incitamentsprogram 2017/2020, antaget vid ordinarie bolagsstämma den 30 maj 2017.

Changes in number of shares in Kopy Goldfields AB (publ)

Kopy Goldfields AB (publ) ("Kopy Goldfields" or the "Company"), announces that 3 058 600 new shares have been subscribed for at a total value of SEK 5 413 722 as a result of warrants exercised under incentive program 2017/2020, adopted at the Annual General Meeting on May 30, 2017.

Valberedning för Kopy Goldfields inför årsstämman 2021

I enlighet med beslut på årsstämman 2020 fick styrelsens ordförande i Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Bolaget") i uppdrag att före valet av styrelseledamöter på årsstämman 2021 kontakta Bolagets större aktieägare för att utse minst två och högst fyra företrädare för Bolagets ägare till att utgöra en valberedning.

Kopy Goldfields' Nomination Committee for the 2021 Annual General Meeting

In accordance with the resolution of the Annual General Meeting 2020, the Chairman of the Board of Directors of Kopy Goldfields AB (publ) ("Kopy Goldfields" or the "Company"), was tasked to, prior to election of Directors at the 2021 Annual General Meeting, contact the Company's major shareholders in order to appoint no fewer than two and no more than four representatives of the Company's owners to constitute a Nomination Committee.

Kopy Goldfields kapitalmarknadsuppdatering 2020 idag klockan 09:00 CET

Idag den 27 oktober 2020 kl 09:00 CET kommer Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Bolaget") hålla en webbsänd kapitalmarknadsuppdatering. VD Mikhail Damrin och CFO Tim Carlsson kommer att presentera under eventet.

Kopy Goldfields 2020 Capital Markets Update to commence today at 09:00 CET

Kopy Goldfields AB (publ) ("Kopy Goldfields" or the "Company") will today, October 27, 2020, at 09:00 CET, host its online 2020 Capital Markets Update. Mikhail Damrin, CEO and Tim Carlsson, CFO will be presenting.

Kopy Goldfields meddelar långsiktigt produktionsmål och bjuder in till Kapitalmarknadsuppdatering den 27 oktober 2020

Insiderinformation: Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Bolaget") meddelar idag Bolagets långsiktiga produktionsmål; >100 koz av guld och guldekvivalenter år 2025 genom organisk tillväxt. CAPEX för perioden 2020-2025 beräknas uppgå till cirka 130 miljoner USD (inklusive moms) vilket förväntas finansieras via befintlig produktion och av lånefaciliteter som finns tillgängliga för Bolaget. Vidare bjuder Kopy Goldfields in investerare, analytiker och media till en kapitalmarknadsuppdatering den 27 oktober 2020, där Bolaget kommer uppdatera marknaden kring Kopy Goldfields strategiska ambitioner efter samgåendet med Amur Zoloto.

Kopy Goldfields announces long-term production target and invites to a Capital Markets Update on October 27, 2020

Inside information: Kopy Goldfields AB (publ) ("Kopy Goldfields" or the "Company") today announces a production target of >100 koz of gold and gold equivalent by 2025 via organic growth. The CAPEX for 2020-2025 is estimated at approximately USD 130 million (including VAT) which is expected to be fully financed by current production and existing debt facilities. Furthermore, Kopy Goldfields invites investors, analysts and media to a Capital Markets Update on October 27, 2020, to provide an update on Kopy Goldfields' strategic ambitions following the merger with Amur Zoloto.


Insiderinformation: Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Bolaget") publicerar härmed en operationell uppdatering för tredje kvartalet och för de nio månader som slutar den 30 september 2020, samt en produktionsprognos för 2020. Bolaget rapporterar stabila operativa resultat trots Covid-19-pandemin, vilken påverkar den alluviala gruvverksamheten.


Inside information: Kopy Goldfields AB (publ) ("Kopy Goldfields" or the "Company") is hereby announcing an operational update for the third quarter and nine months ending September 30, 2020 as well as production forecast for 2020. The company reports solid operational results despite the COVID-19 pandemic affecting alluvial mining operations.

Kopy Goldfields publicerar uppdaterad beräkning av mineralresurser och malmreserver

Insiderinformation: Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Bolaget") lämnar en uppdatering avseende mineralresurser och malmreserver för den nyförvärvade verksamheten Amur Zoloto ("AZ"). Beräkningen visar totalt 1 859 koz berggrunds- och alluvialt guld i tillgångskategorierna Kända, Indikerade och Antagna mineralresurser, vilket motsvarar en ökning med 32% jämfört med den föregående beräkningen som gjordes 2019. I detta ingår 1 187 koz guld i kategorin Sannolika malmreserver, vilket är 22% högre än vad som tidigare rapporterats. Kopy Goldfields totala Kända, Indikerade och Antagna mineraltillgångar uppgår nu till 2 756 koz guld inklusive Sannolika malmreserver som uppgår till totalt 1 313 koz guld, vilket inkluderar hänförbara resurser och reserver i Krasny-projektet.

Kopy Goldfields reports updated Mineral Resources and Ore Reserves estimates

Inside information: Kopy Goldfields AB (publ) ("Kopy Goldfields" or the "Company") provides a Mineral Resources and Ore Reserves update for the newly acquired business Amur Zoloto ("AZ"). A total of 1,859 koz of gold in the Measured, Indicated and Inferred categories for hard rock and placer assets are estimated, corresponding to a 32% increase compared to the previous resource estimate made in 2019. This amount includes 1,187 koz of gold contained in Probable Ore Reserves, which is 22% higher than previously reported. Adding the attributable reserves and resources of the Krasny project, Kopy Goldfields' new total estimated M, I&I Mineral Resources amount to 2,756 koz of gold, including total new Probable Ore Reserves of 1,313 koz of gold.

Kopy Goldfields byter Certified Adviser

Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Bolaget") har ingått avtal med Stockholm Certified Advisers AB avseende tjänsten som Certified Adviser. Stockholm Certified Advisers tillträder som Certified Adviser den 1 november 2020.

Kopy Goldfields changes Certified Adviser

Kopy Goldfields AB (publ) ("Kopy Goldfields" or the "Company") has entered into an agreement with Stockholm Certified Advisers AB regarding the service as a Certified Adviser. Stockholm Certified Advisers will take over as Certified Adviser on 1 November 2020.

Följ oss

Om beQuoted

beQuoted publicerar nyheter, analyser och pressmeddelanden för investerare och journalister. Viktiga företagshändelser bevakas av vår egen nyhetsredaktion och vidaredistribueras i ledande finansiella medier.

Vi uppdaterar även nyhetsrum, Investor Relations och IR-webbplatser för företag som vill utveckla sina relationer med finansmarknaden.

Kontakta oss

beQuoted AB
Sturegatan 32
114 36 Stockholm

08-692 21 90

Om beQuoted