STOCKHOLM–(BUSINESS WIRE)–Regulatory News:
The total number of shares and votes in Endomines AB (publ) (STO:ENDO) (HEX:ENDOM) amounts at April 30, 2016 to 10,486,275. The decrease in the number of shares in April 2016 is due to previously announced resolution at the Annual General Meeting reverse split of the Company´s share, in the ratio of 1:100. The reverse split was registered by the Swedish Companies Registration Office (Bolagsverket) and Euroclear Sweden AB in April 2015.
The share capital in Endomines AB amounts to 262,156,875 SEK. The quota value is 25 SEK/share.
Endomines AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication at 08:45 CEST on April 29, 2016.
Endomines conducts exploration and mining business along the 40 kilometer long Karelian Gold Line. Through various regulatory approvals, Endomines controls the exploration rights to this entire area.
The Company’s first mine, Pampalo, started in February 2011. During 2014, Endomines initiated the production of ore from the mine in Rämepuro. The ore from satellite mines will be processed in the centrally located mill at Pampalo.
The Company’s operations are based on sustainable principles and on minimizing the impact on the environment.
Endomines applies SveMin’s & FinnMin’s respective rules for reporting for public mining & exploration companies. The Company has chosen to report mineral resources and ore reserves according to the JORC-code, which is the internationally accepted Australasian code for reporting ore reserves and mineral resources.
Endomines vision is to participate in the future structural transformation and consolidation of the Nordic mining industry. The Company may therefore be involved in acquisitions of interesting deposits or companies, should such opportunities arise.
The shares of Endomines AB are quoted on Nasdaq Stockholm under ticker ENDO and on Nasdaq Helsinki under ticker ENDOM. The Liquidity Provider in both Stockholm and Helsinki is Erik Penser Bankaktiebolag.
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