The Board of Directors of the mining company Eurobattery Minerals AB (Nordic Growth Market: BAT and Börse Stuttgart: EBM) has, subject to the approval of the Extraordinary General Meeting on 16 October 2024, decided to carry out a rights issue of a maximum of 50,744,017 units (the “Rights issue”).
One (1) unit consists of seven (7) shares and four (4) warrants of series TO6 (the “Warrants”). The subscription price is SEK 0.70 per unit, whereby Eurobattery upon full subscription in the Rights issue would obtain a maximum of approximately SEK 35.5 million before issue costs. For each (1) existing share in the Company, one (1) unit right is obtained. Three (3) unit rights entitle the holder to subscribe for one (1) unit.
The subscription period commences on 30 October and ends on 13 November 2024. The Board of Directors has also decided to propose that the Extraordinary General Meeting decides on an over-allotment issue of units of approximately SEK 10.0 million at most (the “Over-allotment issue”) on the same terms as in the Rights issue. In connection with the Rights issue, the Company has undertaken to repay the outstanding convertible loan of SEK 5.0 million and issue a new convertible loan of SEK 4.0 million to Fenja Capital II A/S (the “Convertible issue”).
Click here to learn more about Eurobattery Minerals at: EurobatteryMinerals.com